Omnicom Group Inc. (NYSE:OMC) Shares Sold by Candriam S.C.A.

Candriam S.C.A. trimmed its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,712 shares of the business services provider's stock after selling 41,468 shares during the quarter. Candriam S.C.A.'s holdings in Omnicom Group were worth $6,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after purchasing an additional 156,438 shares during the period. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after purchasing an additional 72,447 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Omnicom Group during the 4th quarter worth approximately $79,321,000. Finally, Barclays PLC boosted its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently weighed in on OMC. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Wells Fargo & Company lowered 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 research report on Tuesday, December 10th. Macquarie reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

Omnicom Group Stock Down 2.7 %

OMC stock traded down $2.25 during midday trading on Tuesday, hitting $82.56. The company's stock had a trading volume of 5,423,905 shares, compared to its average volume of 1,841,292. The firm has a market capitalization of $16.22 billion, a P/E ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.98. The firm has a 50-day simple moving average of $84.42 and a 200-day simple moving average of $94.25. Omnicom Group Inc. has a 52-week low of $79.57 and a 52-week high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

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.