Securian Asset Management Inc. Sells 1,643 Shares of Omnicom Group Inc. (NYSE:OMC)

Securian Asset Management Inc. reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,465 shares of the business services provider’s stock after selling 1,643 shares during the quarter. Securian Asset Management Inc.’s holdings in Omnicom Group were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in OMC. Aviva PLC boosted its holdings in Omnicom Group by 406.1% in the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after acquiring an additional 101,348 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Omnicom Group during the third quarter valued at about $200,000. Arvest Investments Inc. bought a new position in Omnicom Group in the fourth quarter worth about $1,969,000. Raymond James & Associates lifted its holdings in Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after buying an additional 13,709 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after acquiring an additional 62,640 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OMC shares. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Macquarie boosted their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Omnicom Group Trading Down 1.3 %

NYSE:OMC opened at $94.98 on Wednesday. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.25 and a beta of 0.96. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The company’s 50 day moving average price is $94.19 and its 200-day moving average price is $88.62. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.52 by $0.15. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.84 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.95%. Omnicom Group’s payout ratio is 37.84%.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

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.