Strs Ohio Sells 1,359 Shares of Omnicom Group Inc. (NYSE:OMC)

Strs Ohio cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,782 shares of the business services provider’s stock after selling 1,359 shares during the period. Strs Ohio’s holdings in Omnicom Group were worth $1,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in shares of Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after purchasing an additional 1,503,249 shares during the last quarter. Boston Partners lifted its stake in shares of Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after purchasing an additional 664,800 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Omnicom Group by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock valued at $353,437,000 after purchasing an additional 374,874 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Omnicom Group by 13.2% in the 3rd quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock valued at $192,976,000 after purchasing an additional 301,927 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $21,936,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Up 1.2 %

OMC opened at $93.77 on Tuesday. The stock’s fifty day moving average is $91.65 and its two-hundred day moving average is $85.64. The company has a market capitalization of $18.36 billion, a P/E ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Analysts forecast that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 2.99%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Analyst Ratings Changes

Several research firms have recently issued reports on OMC. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. UBS Group initiated coverage on Omnicom Group in a 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, April 18th. Finally, 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 report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.40.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the 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 sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group 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.