Steward Partners Investment Advisory LLC Decreases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Steward Partners Investment Advisory LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,942 shares of the business services provider’s stock after selling 120 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Omnicom Group were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OMC. Lazard Asset Management LLC boosted its stake in shares of Omnicom Group by 98.3% during 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 buying an additional 1,503,249 shares during the last quarter. Northern Trust Corp lifted its stake in Omnicom Group by 13.2% during the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock worth $192,976,000 after purchasing an additional 301,927 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Omnicom Group during the fourth quarter worth $21,936,000. Envestnet Asset Management Inc. lifted its stake in Omnicom Group by 31.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,056,508 shares of the business services provider’s stock worth $78,689,000 after purchasing an additional 252,206 shares during the last quarter. Finally, Norges Bank bought a new position in Omnicom Group during the fourth quarter worth $21,424,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OMC shares. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $100.00 to $110.00 in a research note on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, Moffett Nathanson increased their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Get Our Latest Analysis on OMC

Omnicom Group Price Performance

Shares of OMC opened at $90.94 on Friday. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The stock’s fifty day moving average is $93.88 and its 200-day moving average is $89.77.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Equities analysts anticipate that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

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.

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

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