Omnicom Group Inc. (NYSE:OMC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 13.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,050 shares of the business services provider's stock after selling 13,744 shares during the period. Corient Private Wealth LLC's holdings in Omnicom Group were worth $7,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. Summit Trail Advisors LLC boosted its holdings in Omnicom Group by 1.8% during the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock worth $683,000 after buying an additional 113 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in shares of Omnicom Group by 3.5% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider's stock worth $400,000 after acquiring an additional 130 shares in the last quarter. Center For Asset Management LLC grew its holdings in shares of Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after acquiring an additional 146 shares during the period. Smartleaf Asset Management LLC increased its stake in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after purchasing an additional 147 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after purchasing an additional 161 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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Omnicom Group Trading Up 1.2 %

OMC traded up $0.95 during midday trading on Tuesday, hitting $80.38. The company's stock had a trading volume of 2,857,432 shares, compared to its average volume of 1,919,311. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. The firm has a 50-day moving average price of $83.62 and a two-hundred day moving average price of $92.94. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market cap of $15.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 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 last year, the business earned $2.20 earnings per share. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. UBS Group dropped their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.75.

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.