Swedbank AB Sells 8,134 Shares of Omnicom Group Inc. (NYSE:OMC)

Swedbank AB cut its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,181 shares of the business services provider's stock after selling 8,134 shares during the period. Swedbank AB's holdings in Omnicom Group were worth $4,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group in the third quarter worth $33,000. HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position 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 buying an additional 490 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC stock traded up $0.11 during mid-day trading on Friday, reaching $86.63. 4,052,260 shares of the company's stock traded hands, compared to its average volume of 1,962,685. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The firm has a 50 day moving average price of $90.36 and a two-hundred day moving average price of $96.20.

Omnicom Group Announces Dividend

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

Omnicom Group Company 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.