Iowa State Bank Sells 5,448 Shares of Omnicom Group Inc. (NYSE:OMC)

Iowa State Bank lowered its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 22.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,883 shares of the business services provider's stock after selling 5,448 shares during the quarter. Iowa State Bank's holdings in Omnicom Group were worth $1,566,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its position in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares during the last quarter. CoreCap Advisors LLC raised its position 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 valued at $40,000 after buying an additional 404 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in 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 purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. JPMorgan Chase & Co. dropped 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 note on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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 decreased their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Down 0.9%

Shares of OMC traded down $0.66 on Thursday, reaching $70.55. The stock had a trading volume of 1,189,142 shares, compared to its average volume of 2,323,316. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a 50-day simple moving average of $74.93 and a 200-day simple moving average of $83.17. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

Omnicom Group 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.