Omnicom Group Inc. (NYSE:OMC) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in Omnicom Group Inc. (NYSE:OMC) by 98.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,013 shares of the business services provider’s stock after selling 657,823 shares during the period. Brown Advisory Inc.’s holdings in Omnicom Group were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC grew its stake in Omnicom Group by 27.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,346 shares of the business services provider’s stock worth $277,000 after buying an additional 728 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Omnicom Group by 20.4% in the 1st quarter. TD Private Client Wealth LLC now owns 10,468 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 1,777 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Omnicom Group by 20.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,461,033 shares of the business services provider’s stock valued at $121,134,000 after purchasing an additional 253,067 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of Omnicom Group by 396.0% in the 1st quarter. Penserra Capital Management LLC now owns 6,864 shares of the business services provider’s stock valued at $569,000 after purchasing an additional 5,480 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Omnicom Group by 4.8% in the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 79,792 shares of the business services provider’s stock valued at $6,616,000 after purchasing an additional 3,639 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.1%

Omnicom Group stock opened at $72.67 on Tuesday. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.60 and a beta of 0.92. The company’s fifty day moving average price is $73.21 and its two-hundred day moving average price is $78.32. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, June 10th. Omnicom Group’s dividend payout ratio is currently 38.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OMC. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company dropped their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, June 23rd. Citigroup reissued a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.29.

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.