Omnicom Group Inc. (NYSE:OMC) Shares Sold by Manning & Napier Group LLC

Manning & Napier Group LLC reduced its holdings in Omnicom Group Inc. (NYSE:OMCFree Report) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,110 shares of the business services provider’s stock after selling 14,690 shares during the quarter. Manning & Napier Group LLC’s holdings in Omnicom Group were worth $5,979,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Occidental Asset Management LLC boosted its holdings in Omnicom Group by 329.0% in the fourth quarter. Occidental Asset Management LLC now owns 13,802 shares of the business services provider’s stock valued at $1,194,000 after acquiring an additional 10,585 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Omnicom Group by 26.9% in the 4th quarter. Caprock Group LLC now owns 5,583 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 1,183 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Omnicom Group by 15.8% during the 4th quarter. Global Retirement Partners LLC now owns 13,262 shares of the business services provider’s stock worth $1,173,000 after purchasing an additional 1,806 shares during the period. Blue Trust Inc. increased its position in Omnicom Group by 49.2% during the 4th quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock worth $66,000 after purchasing an additional 250 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC purchased a new position in Omnicom Group in the fourth quarter valued at approximately $201,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $96.76 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The firm has a market capitalization of $19.16 billion, a PE ratio of 13.98, a P/E/G ratio of 2.31 and a beta of 0.96. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The business’s fifty day moving average price is $90.41 and its two-hundred day moving average price is $83.52.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the company posted $2.09 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 40.46%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Macquarie raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $100.00 in a research report on Friday, January 5th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday. Wells Fargo & Company boosted their price objective on Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, StockNews.com lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

View Our Latest Analysis on Omnicom Group

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

About Omnicom Group

(Free Report)

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.

See Also

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMCFree Report).

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.