Voloridge Investment Management LLC Sells 192,791 Shares of Omnicom Group Inc. (NYSE:OMC)

Voloridge Investment Management LLC decreased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,682 shares of the business services provider's stock after selling 192,791 shares during the quarter. Voloridge Investment Management LLC's holdings in Omnicom Group were worth $5,393,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OMC. Venturi Wealth Management LLC lifted its stake 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 acquiring an additional 195 shares during the period. 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 valued at $29,000 after purchasing an additional 200 shares during the period. CoreCap Advisors LLC lifted its position in Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares during the period. Whittier Trust Co. raised its position 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 purchasing an additional 323 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Omnicom Group during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OMC. Wells Fargo & Company lowered their target price on 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 lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reiterated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Down 0.8%

OMC stock traded down $0.61 during mid-day trading on Friday, reaching $73.50. The company had a trading volume of 2,496,656 shares, compared to its average volume of 2,281,907. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. 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 stock has a 50 day simple moving average of $75.65 and a two-hundred day simple moving average of $84.02. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, June 10th. 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.