Omnicom Group Inc. (NYSE:OMC) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 22.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 89,503 shares of the business services provider’s stock after selling 25,678 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Omnicom Group were worth $7,763,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its position in shares of Omnicom Group by 1,805.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after buying an additional 307 shares during the last quarter. KB Financial Partners LLC lifted its position in shares of Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after buying an additional 305 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Omnicom Group in the 3rd quarter worth about $25,000. First Capital Advisors Group LLC. bought a new position in shares of Omnicom Group in the 2nd quarter worth about $45,000. Finally, Ronald Blue Trust Inc. lifted its position in shares of Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after buying an additional 199 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Macquarie lifted their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective on the stock. Barclays lifted their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Omnicom Group Stock Up 0.5 %

Omnicom Group stock opened at $93.08 on Tuesday. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.22 and a beta of 0.97. 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 company’s 50-day moving average price is $90.91 and its two-hundred day moving average price is $84.33. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. On average, analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.