Financial Counselors Inc. Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Financial Counselors Inc. lowered its position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 10.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,322 shares of the business services provider’s stock after selling 274 shares during the quarter. Financial Counselors Inc.’s holdings in Omnicom Group were worth $225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of OMC. Lido Advisors LLC raised its position in shares of Omnicom Group by 67.0% in the 3rd quarter. Lido Advisors LLC now owns 3,573 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 1,433 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Omnicom Group by 0.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 48,707 shares of the business services provider’s stock worth $3,628,000 after buying an additional 328 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Omnicom Group by 3.7% in the third quarter. OLD National Bancorp IN now owns 11,829 shares of the business services provider’s stock worth $881,000 after purchasing an additional 426 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of Omnicom Group in the third quarter worth $255,000. Finally, Banque Pictet & Cie SA grew its stake in shares of Omnicom Group by 5.8% in the third quarter. Banque Pictet & Cie SA now owns 6,487 shares of the business services provider’s stock worth $483,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMC. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Check Out Our Latest Stock Analysis on Omnicom Group

Insiders Place Their Bets

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

Omnicom Group Price Performance

Omnicom Group stock opened at $90.53 on Wednesday. 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 price is $92.04 and its two-hundred day moving average price is $91.03. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The firm has a market cap of $17.73 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95.

Omnicom Group (NYSE:OMCGet Free Report) last announced its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. As a group, research analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Monday, June 10th. Omnicom Group’s dividend payout ratio is currently 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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