Captrust Financial Advisors Reduces Stock Position in Omnicom Group Inc. (NYSE:OMC)

Captrust Financial Advisors decreased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,011 shares of the business services provider's stock after selling 6,471 shares during the period. Captrust Financial Advisors' holdings in Omnicom Group were worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Innealta Capital LLC bought a new position in Omnicom Group during the second quarter valued at approximately $33,000. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the 3rd quarter valued at $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group in the 3rd quarter worth $36,000. HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after acquiring an additional 169 shares during the period. Finally, Richardson Financial Services Inc. increased its position in Omnicom Group by 66.3% during the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock valued at $50,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of OMC traded up $0.28 during trading hours on Friday, reaching $103.42. 1,115,249 shares of the stock traded hands, compared to its average volume of 1,701,565. Omnicom Group Inc. has a 52-week low of $81.41 and a 52-week high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a market cap of $20.18 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. The company's 50-day moving average price is $102.64 and its two-hundred day moving average price is $97.35.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the prior year, the company posted $1.86 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group's dividend payout ratio (DPR) is currently 38.25%.

Insider Activity

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America raised their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research report on Thursday, September 5th. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays upped their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Macquarie boosted their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and an average price target of $110.11.

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.