Squarepoint Ops LLC Sells 111,326 Shares of Omnicom Group Inc. (NYSE:OMC)

Squarepoint Ops LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,372 shares of the business services provider's stock after selling 111,326 shares during the quarter. Squarepoint Ops LLC's holdings in Omnicom Group were worth $634,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in 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 buying an additional 195 shares during the period. Johnson Financial Group Inc. grew 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 worth $29,000 after acquiring an additional 200 shares in the last quarter. CoreCap Advisors LLC grew its position in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares in the last quarter. Whittier Trust Co. grew its position in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Omnicom Group in the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $1.21 during trading hours on Friday, hitting $71.43. 2,310,340 shares of the stock were exchanged, compared to its average volume of 2,337,921. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company's 50 day moving average is $74.51 and its 200 day moving average is $82.79. The firm has a market capitalization of $13.94 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00.

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

Omnicom Group Announces Dividend

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price 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. UBS Group decreased 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 report on Thursday, March 20th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One 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. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

About Omnicom Group

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.