Legal & General Group Plc reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,245,729 shares of the business services provider's stock after selling 305,949 shares during the quarter. Legal & General Group Plc owned 0.63% of Omnicom Group worth $107,183,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of Omnicom Group by 9.4% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 8,229 shares of the business services provider's stock valued at $708,000 after purchasing an additional 708 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Omnicom Group by 8.0% in the fourth quarter. Cerity Partners LLC now owns 52,463 shares of the business services provider's stock worth $4,705,000 after acquiring an additional 3,865 shares during the period. Sierra Summit Advisors LLC boosted its stake in shares of Omnicom Group by 37.4% in the 4th quarter. Sierra Summit Advisors LLC now owns 11,668 shares of the business services provider's stock valued at $1,004,000 after purchasing an additional 3,174 shares during the last quarter. FMR LLC grew its holdings in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after acquiring an additional 1,436,231 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Omnicom Group by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 366,851 shares of the business services provider's stock worth $31,550,000 after purchasing an additional 10,972 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Omnicom Group Stock Up 0.6 %
OMC stock traded up $0.45 on Tuesday, reaching $76.99. 1,956,017 shares of the company traded hands, compared to its average volume of 2,149,902. The firm has a fifty day simple moving average of $80.34 and a 200-day simple moving average of $90.11. The company has a market cap of $15.13 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a one year low of $69.13 and a one year 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 quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $2.20 EPS. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on OMC shares. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a report on Tuesday. Finally, Barclays reduced 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 note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.
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About Omnicom Group
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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.
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