OLD National Bancorp IN Sells 4,946 Shares of Omnicom Group Inc. (NYSE:OMC)

OLD National Bancorp IN lessened its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,075 shares of the business services provider's stock after selling 4,946 shares during the period. OLD National Bancorp IN's holdings in Omnicom Group were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc boosted its position in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the 3rd quarter worth approximately $33,000. HM Payson & Co. increased its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after acquiring an additional 169 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 0.1 %

Shares of Omnicom Group stock traded up $0.11 during trading on Friday, reaching $86.63. 4,052,260 shares of the company traded hands, compared to its average volume of 1,962,685. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.83, a P/E/G ratio of 1.90 and a beta of 0.98. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a 50 day moving average price of $90.36 and a 200-day moving average price of $96.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Omnicom Group's dividend payout ratio (DPR) is presently 38.25%.

Analyst Ratings Changes

OMC has been the topic of several analyst reports. UBS Group boosted their price objective 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. Wells Fargo & Company lowered their price objective on 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. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased 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. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

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.