Pinnacle Financial Partners Inc Sells 7,687 Shares of Omnicom Group Inc. (NYSE:OMC)

Pinnacle Financial Partners Inc trimmed its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,064 shares of the business services provider's stock after selling 7,687 shares during the quarter. Pinnacle Financial Partners Inc owned approximately 0.09% of Omnicom Group worth $15,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. State Street Corp grew its stake in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider's stock valued at $39,645,000 after purchasing an additional 374,952 shares during the period. International Assets Investment Management LLC lifted its holdings in Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider's stock worth $22,127,000 after purchasing an additional 213,962 shares during the period. Arvest Bank Trust Division bought a new position in shares of Omnicom Group in the third quarter valued at approximately $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Omnicom Group by 46.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider's stock valued at $42,634,000 after purchasing an additional 156,173 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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Omnicom Group Stock Performance

OMC traded down $0.18 on Wednesday, hitting $83.69. The company had a trading volume of 3,430,213 shares, compared to its average volume of 2,621,892. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company's fifty day moving average price is $85.19 and its 200 day moving average price is $95.08. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $2.20 EPS. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OMC shares. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. Finally, Macquarie reiterated an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

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.