DekaBank Deutsche Girozentrale Sells 22,382 Shares of Omnicom Group Inc. (NYSE:OMC)

DekaBank Deutsche Girozentrale decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,102 shares of the business services provider’s stock after selling 22,382 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Omnicom Group worth $15,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OMC. Charles Schwab Investment Management Inc. increased its position in Omnicom Group by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock valued at $631,076,000 after purchasing an additional 362,985 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock worth $353,437,000 after buying an additional 374,874 shares during the period. Beutel Goodman & Co Ltd. boosted its position in Omnicom Group by 1.6% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 4,712,072 shares of the business services provider’s stock valued at $448,353,000 after acquiring an additional 72,036 shares in the last quarter. Boston Partners increased its holdings in shares of Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after acquiring an additional 664,800 shares during the period. Finally, Invesco Ltd. raised its position in shares of Omnicom Group by 0.7% in the 1st quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider’s stock worth $260,361,000 after acquiring an additional 20,584 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.5 %

NYSE:OMC opened at $93.08 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $90.91 and a 200-day simple moving average of $84.33. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a market capitalization of $18.36 billion, a P/E ratio of 13.45, a PEG ratio of 2.22 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results 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. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 40.46%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OMC shares. Morgan Stanley raised 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. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. UBS Group assumed coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective for the company. Macquarie raised their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Insider Activity

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

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.