Beacon Pointe Advisors LLC Trims Stake in Omnicom Group Inc. (NYSE:OMC)

Beacon Pointe Advisors LLC trimmed its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,458 shares of the business services provider's stock after selling 5,866 shares during the period. Beacon Pointe Advisors LLC's holdings in Omnicom Group were worth $3,137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the 4th quarter worth $25,000. Versant Capital Management Inc grew its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Whittier Trust Co. lifted its holdings in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OMC shares. Barclays cut their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Trading Down 0.8 %

NYSE OMC traded down $0.61 on Tuesday, hitting $76.45. 367,861 shares of the stock were exchanged, compared to its average volume of 2,209,944. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The firm has a market capitalization of $14.92 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.94 and a beta of 0.95. The stock has a fifty day moving average price of $77.89 and a two-hundred day moving average price of $87.16.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. Omnicom Group's payout ratio is 38.30%.

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.