Orion Portfolio Solutions LLC Sells 20,582 Shares of Omnicom Group Inc. (NYSE:OMC)

Orion Portfolio Solutions LLC cut its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 80.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,160 shares of the business services provider's stock after selling 20,582 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Omnicom Group were worth $444,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the period. Whittier Trust Co. boosted its position in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of "Hold" and a consensus target price of $104.43.

Omnicom Group Trading Up 2.2 %

Shares of NYSE OMC traded up $1.66 during trading on Monday, reaching $77.26. The company had a trading volume of 92,187 shares, compared to its average volume of 2,139,563. The company's fifty day moving average price is $80.50 and its 200-day moving average price is $90.29. 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 stock has a market cap of $15.18 billion, a P/E ratio of 10.28, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 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 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the company posted $2.20 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.62%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio 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.