The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by City Holding Co.

City Holding Co. reduced its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,527 shares of the business services provider’s stock after selling 6,569 shares during the quarter. City Holding Co.’s holdings in Interpublic Group of Companies were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $32,620,000. American Century Companies Inc. boosted its stake in shares of Interpublic Group of Companies by 24.6% in the third quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after acquiring an additional 916,574 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Interpublic Group of Companies by 12.7% in the fourth quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock worth $225,954,000 after acquiring an additional 777,456 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Interpublic Group of Companies by 212.9% in the third quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock worth $23,708,000 after acquiring an additional 562,823 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Interpublic Group of Companies by 101.9% in the fourth quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock worth $34,862,000 after acquiring an additional 538,935 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.13.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG traded up $0.05 during trading hours on Monday, reaching $29.51. The stock had a trading volume of 697,828 shares, compared to its average volume of 3,795,927. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 2.68 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.90. The firm has a 50-day moving average of $30.83 and a 200-day moving average of $31.78.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.47%. Interpublic Group of Companies’s payout ratio is 46.98%.

Interpublic Group of Companies 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.