Yousif Capital Management LLC Sells 8,442 Shares of Omnicom Group Inc. (NYSE:OMC)

Yousif Capital Management LLC cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,928 shares of the business services provider's stock after selling 8,442 shares during the quarter. Yousif Capital Management LLC's holdings in Omnicom Group were worth $2,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Resonant Capital Advisors LLC raised its holdings in Omnicom Group by 1.7% during the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock valued at $613,000 after acquiring an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Omnicom Group by 17.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock valued at $66,000 after acquiring an additional 97 shares during the period. Integrated Advisors Network LLC increased its holdings in shares of Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock worth $514,000 after purchasing an additional 102 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Omnicom Group by 1.8% in the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock worth $683,000 after purchasing an additional 113 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Finally, Barclays reduced their target price 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 issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.25.

Omnicom Group Trading Up 0.4 %

Shares of NYSE OMC traded up $0.34 during trading hours on Friday, reaching $82.28. The stock had a trading volume of 3,063,842 shares, compared to its average volume of 2,511,745. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The business's fifty day moving average price is $86.71 and its two-hundred day moving average price is $95.65. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly 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 business earned $2.20 earnings per share. Analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

Omnicom Group Company 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.