Allspring Global Investments Holdings LLC Has $5.88 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Allspring Global Investments Holdings LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 33.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,918 shares of the business services provider’s stock after selling 33,697 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Omnicom Group were worth $5,876,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pathstone Family Office LLC raised its stake in shares of Omnicom Group by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock valued at $1,084,000 after purchasing an additional 108 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Parkside Financial Bank & Trust grew its position in Omnicom Group by 11.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 128 shares during the period. Czech National Bank grew its position in Omnicom Group by 0.4% in the fourth quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock valued at $2,999,000 after acquiring an additional 134 shares during the period. Finally, Arlington Partners LLC grew its position in Omnicom Group by 6.5% in the third quarter. Arlington Partners LLC now owns 2,232 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 136 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated 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 owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $91.48 on Friday. The stock has a 50-day moving average price of $91.35 and a 200 day moving average price of $85.18. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.18 and a beta of 0.97. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company earned $2.09 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Moffett Nathanson upped their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. UBS Group assumed coverage on Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Company Profile

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.