Jump Financial LLC Reduces Stock Position in Omnicom Group Inc. (NYSE:OMC)

Jump Financial LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,795 shares of the business services provider's stock after selling 12,126 shares during the period. Jump Financial LLC's holdings in Omnicom Group were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Center For Asset Management LLC increased its holdings in shares of Omnicom Group by 3.3% in the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after purchasing an additional 146 shares during the period. Smartleaf Asset Management LLC increased its stake in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after purchasing an additional 147 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after purchasing an additional 161 shares in the last quarter. Convergence Financial LLC boosted its stake in shares of Omnicom Group by 6.5% during the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock valued at $232,000 after acquiring an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its holdings in shares of Omnicom Group by 2.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock worth $559,000 after buying an additional 182 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Barclays dropped their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Up 4.3 %

Shares of NYSE:OMC traded up $3.17 during midday trading on Thursday, reaching $76.42. The company had a trading volume of 2,781,286 shares, compared to its average volume of 2,192,799. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The business's 50 day moving average price is $79.04 and its 200 day moving average price is $88.88. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The stock has a market cap of $15.02 billion, a PE ratio of 10.26, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed 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 3.66%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

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.