Ossiam Trims Position in Omnicom Group Inc. (NYSE:OMC)

Ossiam cut its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 48.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,133 shares of the business services provider's stock after selling 5,783 shares during the period. Ossiam's holdings in Omnicom Group were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. Vanguard Group Inc. increased its stake in Omnicom Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after acquiring an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after purchasing an additional 156,438 shares during the period. Massachusetts Financial Services Co. MA increased its position in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after purchasing an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC raised its holdings in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after buying an additional 51,148 shares during the period. Finally, First Trust Advisors LP lifted its position in Omnicom Group by 23.8% during the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after buying an additional 747,575 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.6 %

NYSE:OMC opened at $73.25 on Wednesday. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The business's 50-day simple moving average is $79.22 and its 200 day simple moving average is $88.99. 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 stock has a market cap of $14.40 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's payout ratio is currently 38.30%.

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. UBS Group dropped their price objective 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. Citigroup reiterated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their target price on 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, Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

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.

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