Cypress Capital Group Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Cypress Capital Group cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,826 shares of the business services provider's stock after selling 3,454 shares during the quarter. Cypress Capital Group's holdings in Omnicom Group were worth $329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC raised its holdings in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after acquiring an additional 195 shares during the period. Trust Co. of Vermont increased its holdings in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Omnicom Group in the third quarter worth about $55,000. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OMC shares. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Finally, Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $108.25.

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Omnicom Group Trading Up 2.8 %

NYSE OMC traded up $2.28 during trading hours on Friday, hitting $84.90. 7,341,236 shares of the company were exchanged, compared to its average volume of 1,804,101. Omnicom Group Inc. has a 52 week low of $79.57 and a 52 week high of $107.00. The stock has a 50-day moving average price of $84.42 and a 200 day moving average price of $94.35. The stock has a market cap of $16.68 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $2.20 earnings per share. Analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.