Omnicom Group Inc. (NYSE:OMC) Shares Sold by SG Americas Securities LLC

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SG Americas Securities LLC lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 86.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,653 shares of the business services provider’s stock after selling 35,408 shares during the period. SG Americas Securities LLC’s holdings in Omnicom Group were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ardevora Asset Management LLP purchased a new stake in shares of Omnicom Group in the 1st quarter valued at approximately $57,574,000. Lazard Asset Management LLC grew its holdings in shares of Omnicom Group by 37.4% during the fourth quarter. Lazard Asset Management LLC now owns 2,172,548 shares of the business services provider’s stock valued at $159,181,000 after buying an additional 591,257 shares in the last quarter. Marshall Wace LLP raised its position in Omnicom Group by 173.9% during the fourth quarter. Marshall Wace LLP now owns 835,595 shares of the business services provider’s stock valued at $61,224,000 after buying an additional 530,470 shares during the period. Schroder Investment Management Group lifted its stake in Omnicom Group by 24.0% in the 4th quarter. Schroder Investment Management Group now owns 2,606,198 shares of the business services provider’s stock worth $190,956,000 after acquiring an additional 504,221 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Omnicom Group by 13.7% during the 4th quarter. Invesco Ltd. now owns 3,046,826 shares of the business services provider’s stock worth $223,242,000 after acquiring an additional 368,109 shares during the period. Institutional investors and hedge funds own 93.08% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $69.08 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market cap of $14.15 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 4.27 and a beta of 0.84. The stock has a 50-day moving average of $67.13 and a 200-day moving average of $75.31. Omnicom Group Inc. has a 52-week low of $61.31 and a 52-week high of $91.61.

Omnicom Group (NYSE:OMC – Get Rating) last announced its earnings results on Tuesday, July 19th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.12. Omnicom Group had a return on equity of 39.15% and a net margin of 9.07%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Omnicom Group Inc. will post 6.33 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, October 12th. Investors of record on Wednesday, September 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.05%. Omnicom Group’s payout ratio is presently 45.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OMC shares. Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 23rd. StockNews.com raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $96.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Morgan Stanley reduced their objective price on Omnicom Group from $84.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, June 10th. Finally, Wells Fargo & Company upped their target price on Omnicom Group from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.90.

Omnicom Group Company Profile

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Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company’s services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing,/corporate business- to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Further Reading

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)



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