Swiss National Bank Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Swiss National Bank decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 552,700 shares of the business services provider's stock after selling 28,500 shares during the period. Swiss National Bank owned 0.28% of Omnicom Group worth $47,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its position 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 buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of 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 buying an additional 195 shares during the last quarter. Trust Co. of Vermont boosted its stake in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Omnicom Group in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group decreased their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $105.75.

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Omnicom Group Price Performance

OMC traded down $0.75 during trading on Thursday, reaching $80.74. The company's stock had a trading volume of 3,243,959 shares, compared to its average volume of 3,178,999. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.94 and a beta of 0.98. 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 firm has a fifty day simple moving average of $83.78 and a two-hundred day simple moving average of $93.39. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the firm posted $2.20 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's payout ratio is presently 37.58%.

About Omnicom Group

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.