Sequoia Financial Advisors LLC Trims Stake in Omnicom Group Inc. (NYSE:OMC)

Sequoia Financial Advisors LLC decreased its stake in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,848 shares of the business services provider’s stock after selling 577 shares during the period. Sequoia Financial Advisors LLC’s holdings in Omnicom Group were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. NBC Securities Inc. bought a new position in Omnicom Group in the third quarter worth approximately $200,000. Financial Counselors Inc. bought a new position in Omnicom Group in the second quarter worth approximately $260,000. Savant Capital LLC raised its position in Omnicom Group by 702.7% in the second quarter. Savant Capital LLC now owns 41,690 shares of the business services provider’s stock worth $3,967,000 after acquiring an additional 36,496 shares during the period. Osaic Holdings Inc. raised its position in Omnicom Group by 36.3% in the second quarter. Osaic Holdings Inc. now owns 243,011 shares of the business services provider’s stock worth $13,848,000 after acquiring an additional 64,693 shares during the period. Finally, Marcum Wealth LLC raised its position in Omnicom Group by 5.3% in the third quarter. Marcum Wealth LLC now owns 3,216 shares of the business services provider’s stock worth $240,000 after acquiring an additional 161 shares during the period. Institutional investors own 92.71% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $84.59 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.84 and a current ratio of 0.95. The company has a market cap of $16.75 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.43 and a beta of 0.97. The firm’s fifty day moving average is $86.99 and its two-hundred day moving average is $81.00. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts anticipate that Omnicom Group Inc. will post 7.71 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 22nd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. Omnicom Group’s dividend payout ratio is presently 40.46%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday. Macquarie upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $80.00 to $100.00 in a research report on Friday, January 5th. Citigroup decreased their price objective on shares of Omnicom Group from $113.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Finally, Morgan Stanley upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $90.00 to $100.00 in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $99.22.

Read Our Latest Report on Omnicom Group

Omnicom Group Company 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 brand consulting, 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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