Bank of Montreal Can Lowers Stock Position in Omnicom Group Inc. (NYSE:OMC)

Bank of Montreal Can lessened its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 660,287 shares of the business services provider's stock after selling 45,519 shares during the quarter. Bank of Montreal Can owned approximately 0.34% of Omnicom Group worth $56,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in OMC. Vanguard Group Inc. raised its stake in shares of Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after acquiring an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp raised its position in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after purchasing an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares during the period. Geode Capital Management LLC grew its position in shares of Omnicom Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after buying an additional 51,148 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. increased its stake in shares of Omnicom Group by 7.1% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock worth $292,698,000 after buying an additional 224,870 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 Performance

Shares of OMC traded up $0.72 during mid-day trading on Tuesday, reaching $77.26. 1,020,683 shares of the company's stock were exchanged, compared to its average volume of 2,145,875. The stock has a market capitalization of $15.19 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The business's fifty day simple moving average is $80.34 and its 200-day simple moving average is $90.11. 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 Inc. has a 52-week low of $69.13 and a 52-week high of $107.00.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of several analyst reports. JPMorgan Chase & Co. lowered 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. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.25.

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.