Ossiam Sells 9,452 Shares of Omnicom Group Inc. (NYSE:OMC)

Ossiam cut its holdings in Omnicom Group Inc. (NYSE:OMCFree Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,514 shares of the business services provider’s stock after selling 9,452 shares during the period. Ossiam’s holdings in Omnicom Group were worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OMC. Jump Financial LLC boosted its holdings in Omnicom Group by 78.5% during the 3rd quarter. Jump Financial LLC now owns 4,351 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 1,913 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Omnicom Group by 11.4% in the third quarter. Janney Montgomery Scott LLC now owns 9,998 shares of the business services provider’s stock worth $745,000 after purchasing an additional 1,020 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Omnicom Group by 65.3% in the third quarter. Van ECK Associates Corp now owns 43,301 shares of the business services provider’s stock worth $3,226,000 after buying an additional 17,103 shares during the period. Pathstone Family Office LLC raised its holdings in Omnicom Group by 399.6% during the 3rd quarter. Pathstone Family Office LLC now owns 16,353 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 13,080 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Omnicom Group by 14.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,725 shares of the business services provider’s stock valued at $2,959,000 after buying an additional 4,929 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

OMC stock opened at $89.96 on Tuesday. The company’s fifty day moving average price is $93.63 and its 200-day moving average price is $90.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The company has a market capitalization of $17.62 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

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

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OMC. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Check Out Our Latest Stock Analysis on OMC

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 branding, experiential, execution and support, public relations, and healthcare.

Recommended Stories

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMCFree Report).

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.