Fortem Financial Group LLC trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 30.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,289 shares of the business services provider's stock after selling 9,651 shares during the period. Fortem Financial Group LLC's holdings in Omnicom Group were worth $1,848,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Omnicom Group during the 4th quarter valued at about $150,819,000. FMR LLC lifted its holdings in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after buying an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after buying an additional 1,027,567 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Omnicom Group by 23.8% during the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after buying an additional 747,575 shares in the last quarter. Institutional investors own 91.97% of the company's stock.
Omnicom Group Stock Performance
Shares of OMC traded down $1.65 during trading hours on Tuesday, hitting $71.00. The stock had a trading volume of 7,546,431 shares, compared to its average volume of 2,694,689. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The firm has a 50-day moving average price of $73.21 and a 200 day moving average price of $78.32. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.60 and a beta of 0.92.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly 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. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th were given a $0.70 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.94%. Omnicom Group's payout ratio is currently 38.30%.
Analysts Set New Price Targets
A number of research analysts have commented on OMC shares. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Citigroup reaffirmed a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group lowered their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company lowered their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $95.29.
Check Out Our Latest Analysis on OMC
About Omnicom Group
(
Free Report)
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.
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