AEGON ASSET MANAGEMENT UK Plc Has $40.30 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

AEGON ASSET MANAGEMENT UK Plc cut its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 486,239 shares of the business services provider's stock after selling 9,272 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.25% of Omnicom Group worth $40,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. Venturi Wealth Management LLC increased its stake in Omnicom Group by 146.6% during the 4th 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. increased its position in shares of Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares during the period. Finally, Whittier Trust Co. lifted its position in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Omnicom Group stock traded down $1.01 during midday trading on Thursday, reaching $70.20. 2,421,648 shares of the company's stock were exchanged, compared to its average volume of 3,221,393. The stock's 50-day simple moving average is $74.93 and its 200 day simple moving average is $83.17. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.94 and a beta of 0.93. 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.

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

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. Omnicom Group's dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. UBS Group reduced their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company lowered 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. Finally, Barclays cut their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.29.

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.