Nomura Asset Management Co. Ltd. Sells 30,259 Shares of Omnicom Group Inc. (NYSE:OMC)

Nomura Asset Management Co. Ltd. decreased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 34.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 58,732 shares of the business services provider's stock after selling 30,259 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Omnicom Group were worth $6,072,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OMC. State Street Corp raised its position in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. Bank of New York Mellon Corp grew its position in shares of Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock valued at $296,717,000 after purchasing an additional 892,494 shares in the last quarter. Cooke & Bieler LP lifted its holdings in Omnicom Group by 4.8% during the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after purchasing an additional 109,406 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock worth $205,682,000 after purchasing an additional 364,665 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Omnicom Group by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider's stock valued at $127,398,000 after buying an additional 81,598 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares of the company's stock, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Trading Up 0.2 %

Shares of Omnicom Group stock traded up $0.16 during trading on Friday, reaching $90.32. The company's stock had a trading volume of 2,083,135 shares, compared to its average volume of 1,606,531. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.07 and a beta of 0.94. The firm's 50-day moving average is $101.81 and its two-hundred day moving average is $97.24. Omnicom Group Inc. has a 52-week low of $83.65 and a 52-week high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion for 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 period last year, the company earned $1.86 EPS. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.10%. Omnicom Group's payout ratio is currently 38.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OMC shares. Bank of America increased their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a report on Thursday, September 5th. Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Omnicom Group presently has a consensus rating of "Moderate Buy" and an average price target of $108.89.

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.