Omnicom Group Inc. (NYSE:OMC) Stock Position Trimmed by Conning Inc.

Conning Inc. lessened its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359,306 shares of the business services provider's stock after selling 17,685 shares during the period. Conning Inc. owned about 0.18% of Omnicom Group worth $30,915,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after acquiring an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in shares of Omnicom Group in the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans raised its stake in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after acquiring an additional 8,643 shares during the period. Assetmark Inc. raised its stake in shares of Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock valued at $50,562,000 after acquiring an additional 9,774 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock valued at $32,411,000 after acquiring an additional 50,153 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Macquarie reaffirmed an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Stock Down 1.4 %

OMC stock traded down $1.16 during mid-day trading on Wednesday, hitting $81.25. 2,826,898 shares of the company were exchanged, compared to its average volume of 2,461,800. The company has a market capitalization of $15.96 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The firm has a fifty day simple moving average of $87.58 and a 200 day simple moving average of $95.85.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 last year, the company posted $2.20 earnings per share. On average, research analysts forecast that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, December 20th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.