Signaturefd LLC Sells 229 Shares of Omnicom Group Inc. (NYSE:OMC)

Signaturefd LLC cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,921 shares of the business services provider’s stock after selling 229 shares during the period. Signaturefd LLC’s holdings in Omnicom Group were worth $509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Omnicom Group by 3.9% during the fourth quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider’s stock valued at $210,863,000 after acquiring an additional 92,685 shares during the last quarter. Finally, Amundi raised its stake in shares of Omnicom Group by 4.5% during the fourth quarter. Amundi now owns 1,693,256 shares of the business services provider’s stock valued at $144,603,000 after acquiring an additional 72,924 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $80.74 on Friday. The stock has a market cap of $15.86 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The firm’s 50-day simple moving average is $83.71 and its two-hundred day simple moving average is $93.30.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the firm earned $2.20 EPS. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th 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 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OMC shares. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

About Omnicom Group

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.