The Interpublic Group of Companies, Inc. (NYSE:IPG) Stock Holdings Decreased by City Holding Co.

City Holding Co. lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 56.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,562 shares of the business services provider's stock after selling 11,126 shares during the quarter. City Holding Co.'s holdings in Interpublic Group of Companies were worth $240,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IPG. Rosenberg Matthew Hamilton increased its position in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after buying an additional 365 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Ballentine Partners LLC raised its position in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock worth $445,000 after acquiring an additional 399 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock valued at $1,031,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

IPG has been the subject of several recent research reports. BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, January 10th. Barclays lowered their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Macquarie restated a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.50.

Interpublic Group of Companies Trading Up 1.4 %

IPG stock traded up $0.39 during trading on Tuesday, reaching $28.22. 5,792,574 shares of the stock traded hands, compared to its average volume of 5,111,465. The business's 50 day moving average price is $28.79 and its 200-day moving average price is $30.05. The firm has a market capitalization of $10.51 billion, a PE ratio of 13.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies's payout ratio is 62.26%.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.