Deutsche Bank AG Sells 89,481 Shares of Omnicom Group Inc. (NYSE:OMC)

Deutsche Bank AG trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,081 shares of the business services provider's stock after selling 89,481 shares during the period. Deutsche Bank AG owned about 0.58% of Omnicom Group worth $94,441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Robinson Value Management Ltd. grew its holdings in shares of Omnicom Group by 0.4% during the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock worth $2,837,000 after purchasing an additional 139 shares in the last quarter. Versant Capital Management Inc boosted its stake in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after buying an additional 143 shares in the last quarter. MGO One Seven LLC boosted its stake in Omnicom Group by 3.2% in the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after buying an additional 157 shares in the last quarter. Mezzasalma Advisors LLC boosted its stake in Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after buying an additional 159 shares in the last quarter. Finally, 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 worth $1,834,000 after buying an additional 165 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Trading Down 1.3%

Shares of Omnicom Group stock traded down $0.97 during midday trading on Thursday, reaching $75.50. 1,750,585 shares of the company's stock traded hands, compared to its average volume of 3,658,804. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $14.63 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.94. The stock has a 50 day moving average of $72.64 and a 200-day moving average of $76.62. 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 announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 earnings per share. As a group, equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Wells Fargo & Company cut their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th. Finally, Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.