City Holding Co. Has $240,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

City Holding Co. reduced its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 56.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter worth $26,000. Benjamin Edwards Inc. boosted its holdings in Interpublic Group of Companies by 73.8% during the second 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 during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake 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 worth $38,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter worth about $60,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IPG. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, January 10th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays decreased their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Stock Down 0.2 %

Shares of IPG opened at $27.84 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $28.79 and a two-hundred day moving average price of $30.05. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 13.13 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.74%. The ex-dividend date 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.