Financial Advisors Network Inc. Lowers Position in Omnicom Group Inc. (NYSE:OMC)

Financial Advisors Network Inc. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,796 shares of the business services provider’s stock after selling 271 shares during the quarter. Financial Advisors Network Inc.’s holdings in Omnicom Group were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Lazard Asset Management LLC grew 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 raised its holdings in shares of Omnicom Group by 21.7% in the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after acquiring an additional 664,800 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Omnicom Group by 8.6% in the third 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 period. Northern Trust Corp grew its position in shares of Omnicom Group by 13.2% in the third 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 period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $21,936,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded down $0.77 during mid-day trading on Thursday, reaching $94.49. 233,127 shares of the company were exchanged, compared to its average volume of 1,589,356. 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. The stock has a market capitalization of $18.50 billion, a PE ratio of 12.87, a PEG ratio of 2.21 and a beta of 0.96. The company’s 50 day moving average price is $94.18 and its 200 day moving average price is $88.66.

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

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be paid a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity at Omnicom Group

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OMC. Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note 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 price target of $104.40.

Read Our Latest Stock Analysis on OMC

Omnicom Group Profile

(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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