Omnicom Group Inc. (NYSE:OMC) Shares Sold by Lbp Am Sa

LBP AM SA reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,521 shares of the business services provider's stock after selling 17,574 shares during the quarter. LBP AM SA owned about 0.05% of Omnicom Group worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Linden Thomas Advisory Services LLC lifted its position 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 during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Omnicom Group by 2.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 156,680 shares of the business services provider's stock worth $12,437,000 after purchasing an additional 3,241 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of Omnicom Group by 27.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,346 shares of the business services provider's stock worth $277,000 after purchasing an additional 728 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Omnicom Group by 20.4% during the first quarter. TD Private Client Wealth LLC now owns 10,468 shares of the business services provider's stock worth $868,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Omnicom Group by 20.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,461,033 shares of the business services provider's stock worth $121,134,000 after purchasing an additional 253,067 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 0.9%

OMC traded down $0.64 on Friday, hitting $72.79. The company had a trading volume of 3,599,327 shares, compared to its average volume of 2,669,898. The stock has a fifty day moving average price of $73.29 and a 200-day moving average price of $78.42. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. 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 stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.60 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th were paid a $0.70 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.85%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

Several research firms have recently weighed in on OMC. Citigroup reiterated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research note on Monday, June 23rd. Wells Fargo & Company cut their price target on 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, UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus price target of $95.29.

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.