Omnicom Group Inc. (NYSE:OMC) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,636 shares of the business services provider's stock after selling 7,540 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Omnicom Group were worth $6,508,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Omnicom Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after buying an additional 99,424 shares during the period. State Street Corp lifted its stake in Omnicom Group by 5.7% during 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 valued at $577,732,000 after acquiring an additional 156,438 shares during the period. Geode Capital Management LLC grew its position in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. increased its stake in 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 purchasing an additional 224,870 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

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Omnicom Group Stock Down 3.6 %

NYSE:OMC traded down $2.73 during trading hours on Friday, hitting $72.65. The company's stock had a trading volume of 3,701,821 shares, compared to its average volume of 2,097,013. Omnicom Group Inc. has a 52-week low of $72.54 and a 52-week high of $107.00. 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 stock has a market capitalization of $14.28 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock has a fifty day moving average of $82.42 and a 200-day moving average of $91.62.

Omnicom Group (NYSE:OMC - Get Free Report) last released 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 return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company posted $2.20 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. Omnicom Group's payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped 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 report on Tuesday, December 10th. UBS Group dropped their price target 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. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of "Hold" and a consensus target price of $104.43.

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.