Omnicom Group Inc. (NYSE:OMC) Stock Position Reduced by Invesco Ltd.

Invesco Ltd. trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,806,302 shares of the business services provider's stock after selling 483,523 shares during the period. Invesco Ltd. owned 1.43% of Omnicom Group worth $241,454,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OMC. Sumitomo Mitsui Financial Group Inc. raised its stake in Omnicom Group by 9.4% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 8,229 shares of the business services provider's stock worth $708,000 after acquiring an additional 708 shares during the period. Cerity Partners LLC raised its position in shares of Omnicom Group by 8.0% during the 4th quarter. Cerity Partners LLC now owns 52,463 shares of the business services provider's stock worth $4,705,000 after purchasing an additional 3,865 shares during the period. Sierra Summit Advisors LLC lifted its holdings 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 worth $1,004,000 after purchasing an additional 3,174 shares during the last quarter. FMR LLC boosted its position 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 valued at $172,987,000 after purchasing an additional 1,436,231 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Omnicom Group by 3.1% during the 4th quarter. Russell Investments Group Ltd. now owns 366,851 shares of the business services provider's stock worth $31,550,000 after buying an additional 10,972 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

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Omnicom Group Price Performance

Shares of OMC stock traded up $0.45 during mid-day trading on Tuesday, hitting $76.99. 1,956,017 shares of the stock traded hands, compared to its average volume of 2,149,902. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company's 50-day simple moving average is $80.34 and its 200-day simple moving average is $90.11. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate 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 firm earned $2.20 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.64%. Omnicom Group's dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Barclays reduced their target price 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. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Citigroup restated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $104.25.

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.