Vontobel Holding Ltd. Sells 3,161 Shares of Omnicom Group Inc. (NYSE:OMC)

Vontobel Holding Ltd. lowered its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,242 shares of the business services provider's stock after selling 3,161 shares during the period. Vontobel Holding Ltd.'s holdings in Omnicom Group were worth $5,527,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OMC. World Investment Advisors LLC boosted its holdings in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Omnicom Group during the 3rd quarter valued at about $713,000. Thrivent Financial for Lutherans boosted its holdings in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock valued at $50,562,000 after purchasing an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

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

Omnicom Group Trading Up 0.2 %

Omnicom Group stock traded up $0.17 during midday trading on Wednesday, reaching $83.66. The stock had a trading volume of 2,690,060 shares, compared to its average volume of 2,535,236. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company has a fifty day moving average of $85.90 and a 200 day moving average of $95.37.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates 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 earned $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) 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.