Nuveen Asset Management LLC Sells 146,788 Shares of Omnicom Group Inc. (NYSE:OMC)

Nuveen Asset Management LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 413,352 shares of the business services provider's stock after selling 146,788 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of Omnicom Group worth $35,565,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. boosted its position in Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares in the last quarter. CoreCap Advisors LLC grew its stake 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 buying an additional 404 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after acquiring an additional 490 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays dropped their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Trading Up 0.1%

Shares of OMC traded up $0.04 during trading hours on Monday, hitting $73.17. 2,302,027 shares of the stock were exchanged, compared to its average volume of 2,266,965. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The business has a 50-day moving average of $76.19 and a 200-day moving average of $84.59. The firm has a market capitalization of $14.28 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The firm 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, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.83%. Omnicom Group's payout ratio is currently 38.30%.

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.