Omnicom Group Inc. $OMC Shares Sold by Groupama Asset Managment

Key Points

• Groupama Asset Management has reduced its holdings in Omnicom Group by 30.2%, now owning 8,653 shares worth approximately $694,000.
• Several institutional investors have adjusted their stakes in Omnicom Group, with CoreCap Advisors LLC increasing its holdings by 708.8% in the last quarter.
• Analysts have mixed ratings on Omnicom Group, with a consensus rating of "Moderate Buy" and an average price target of $94.43, following recent adjustments from major brokerages.

Groupama Asset Managment trimmed its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,653 shares of the business services provider's stock after selling 3,735 shares during the quarter. Groupama Asset Managment's holdings in Omnicom Group were worth $694,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of OMC. Marshall Wace LLP purchased a new position in shares of Omnicom Group in the fourth quarter worth about $3,015,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Omnicom Group in the fourth quarter worth about $523,000. Natixis grew its holdings in Omnicom Group by 24.2% during the fourth quarter. Natixis now owns 5,037 shares of the business services provider's stock worth $433,000 after acquiring an additional 981 shares during the period. MetLife Investment Management LLC grew its holdings in Omnicom Group by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 51,607 shares of the business services provider's stock worth $4,440,000 after acquiring an additional 773 shares during the period. Finally, MML Investors Services LLC grew its holdings in Omnicom Group by 5.5% during the fourth quarter. MML Investors Services LLC now owns 61,597 shares of the business services provider's stock worth $5,300,000 after acquiring an additional 3,225 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC traded up $2.0480 during trading on Friday, hitting $79.5280. The company's stock had a trading volume of 4,736,853 shares, compared to its average volume of 3,263,023. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The business's fifty day simple moving average is $73.44 and its 200 day simple moving average is $76.07. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.58 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company earned $1.95 earnings per share. Omnicom Group's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Omnicom Group's payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

Several analysts recently commented on OMC shares. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company dropped their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.43.

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.