Sequoia Financial Advisors LLC Has $506,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Sequoia Financial Advisors LLC trimmed its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 86.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,098 shares of the business services provider's stock after selling 40,359 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Omnicom Group were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMC. Versant Capital Management Inc grew its position in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after buying an additional 147 shares during the period. MGO One Seven LLC boosted its stake in shares of Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after buying an additional 157 shares during the period. Mezzasalma Advisors LLC boosted its stake in shares of Omnicom Group by 3.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after buying an additional 159 shares during the period. Finally, Center for Financial Planning Inc. boosted its stake in shares of Omnicom Group by 2.2% during the 1st quarter. Center for Financial Planning Inc. now owns 9,168 shares of the business services provider's stock valued at $760,000 after buying an additional 197 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.4%

Shares of Omnicom Group stock traded down $0.31 on Friday, hitting $74.71. The company had a trading volume of 2,279,954 shares, compared to its average volume of 2,607,986. The stock has a 50-day moving average of $73.55 and a 200-day moving average of $78.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The firm has a market capitalization of $14.58 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.65 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, 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 firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is presently 38.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Citigroup reaffirmed a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price objective 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. UBS Group reduced their price objective 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, Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $96.43.

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.