Advisors Asset Management Inc. Has $5.86 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Advisors Asset Management Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,139 shares of the business services provider's stock after selling 13,606 shares during the period. Advisors Asset Management Inc.'s holdings in Omnicom Group were worth $5,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the period. Brooklyn Investment Group bought a new position in shares of Omnicom Group in the 3rd quarter worth $55,000. Finally, Trust Co. of Vermont grew its stake in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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Omnicom Group Stock Down 2.1 %

Shares of OMC traded down $1.69 during midday trading on Monday, hitting $79.45. The stock had a trading volume of 3,727,417 shares, compared to its average volume of 1,919,560. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a 50 day simple moving average of $83.69 and a two-hundred day simple moving average of $93.08. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the firm posted $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.52%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's payout ratio is 37.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Macquarie restated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, UBS Group dropped their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average price target of $105.75.

Omnicom Group Company 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.