Cerity Partners LLC Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Cerity Partners LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 24.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,547 shares of the business services provider's stock after selling 12,916 shares during the quarter. Cerity Partners LLC's holdings in Omnicom Group were worth $3,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in Omnicom Group by 11.4% in the first quarter. Alps Advisors Inc. now owns 298,829 shares of the business services provider's stock valued at $24,776,000 after acquiring an additional 30,609 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock valued at $1,834,000 after acquiring an additional 165 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Omnicom Group by 2.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 156,680 shares of the business services provider's stock valued at $12,437,000 after acquiring an additional 3,241 shares during the last quarter. Beverly Hills Private Wealth LLC raised its position in shares of Omnicom Group by 27.8% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,346 shares of the business services provider's stock valued at $277,000 after purchasing an additional 728 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Omnicom Group by 20.4% in the first quarter. TD Private Client Wealth LLC now owns 10,468 shares of the business services provider's stock valued at $868,000 after purchasing an additional 1,777 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of OMC traded up $4.93 on Tuesday, reaching $75.34. The company's stock had a trading volume of 5,436,605 shares, compared to its average volume of 2,765,597. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $14.60 billion, a P/E ratio of 10.81, a PEG ratio of 1.40 and a beta of 0.92. The stock's 50 day simple moving average is $72.86 and its two-hundred day simple moving average is $77.92. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. Research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMC. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 16th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus price target of $94.43.

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.