Omnicom Group Inc. (NYSE:OMC) Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP reduced its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454,911 shares of the business services provider's stock after selling 26,008 shares during the quarter. Omnicom Group comprises 2.4% of RWC Asset Management LLP's investment portfolio, making the stock its 14th largest position. RWC Asset Management LLP owned approximately 0.23% of Omnicom Group worth $39,354,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OMC. Lazard Asset Management LLC boosted its position in shares of Omnicom Group by 98.3% during the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider's stock valued at $225,842,000 after purchasing an additional 1,503,249 shares in the last quarter. Boston Partners boosted its position in shares of Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider's stock valued at $277,726,000 after purchasing an additional 664,800 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider's stock valued at $353,437,000 after purchasing an additional 374,874 shares in the last quarter. Northern Trust Corp raised its stake in Omnicom Group by 13.2% during the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider's stock valued at $192,976,000 after buying an additional 301,927 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Omnicom Group during the fourth quarter valued at $21,936,000. 91.97% of the stock is currently owned by institutional investors.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Down 0.8 %

Shares of OMC stock traded down $0.82 during mid-day trading on Friday, hitting $95.89. The company's stock had a trading volume of 1,723,247 shares, compared to its average volume of 1,566,362. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The business has a 50-day moving average price of $92.40 and a 200 day moving average price of $86.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.27 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to analysts' expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. Research analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group's dividend payout ratio (DPR) is presently 37.84%.

Analyst Ratings Changes

A number of brokerages have issued reports on OMC. Wells Fargo & Company upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. Moffett Nathanson lifted their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. Finally, UBS Group started coverage on Omnicom Group in a research note on Thursday, January 11th. They set a "buy" rating and a $117.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and an average target price of $103.40.

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.