Dean Investment Associates LLC Sells 34,044 Shares of Omnicom Group Inc. (NYSE:OMC)

Dean Investment Associates LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 49.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,330 shares of the business services provider’s stock after selling 34,044 shares during the quarter. Dean Investment Associates LLC’s holdings in Omnicom Group were worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in Omnicom Group by 52.6% in the 2nd quarter. Park Avenue Securities LLC now owns 10,038 shares of the business services provider’s stock worth $900,000 after buying an additional 3,460 shares during the period. SG Americas Securities LLC increased its position in Omnicom Group by 37.0% during the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after purchasing an additional 17,414 shares during the period. Czech National Bank boosted its stake in shares of Omnicom Group by 7.1% during the 2nd quarter. Czech National Bank now owns 37,319 shares of the business services provider’s stock valued at $3,348,000 after purchasing an additional 2,482 shares in the last quarter. Occidental Asset Management LLC increased its position in shares of Omnicom Group by 6.7% during the second quarter. Occidental Asset Management LLC now owns 25,153 shares of the business services provider’s stock valued at $2,256,000 after buying an additional 1,574 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Omnicom Group by 6.0% in the second quarter. Wedmont Private Capital now owns 3,845 shares of the business services provider’s stock worth $359,000 after buying an additional 218 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Bank of America boosted their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Insider Transactions at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 0.3 %

NYSE OMC opened at $103.42 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12 month low of $81.41 and a 12 month high of $107.00. The stock’s 50 day moving average is $102.64 and its 200 day moving average is $97.34. The stock has a market cap of $20.18 billion, a PE ratio of 14.13, a P/E/G ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the prior year, the business earned $1.86 earnings per share. Research analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

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.