Omnicom Group Inc. (NYSE:OMC) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,795 shares of the business services provider's stock after selling 12,126 shares during the quarter. Jump Financial LLC's holdings in Omnicom Group were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock valued at $84,741,000 after acquiring an additional 13,637 shares in the last quarter. Virtu Financial LLC purchased a new position in Omnicom Group during the third quarter valued at approximately $498,000. World Investment Advisors LLC increased its holdings in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after buying an additional 17,815 shares during the period. Arvest Bank Trust Division bought a new position in Omnicom Group in the third quarter worth approximately $21,191,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Omnicom Group during the third quarter worth $740,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OMC shares. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered 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 note on Thursday, March 20th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded down $1.54 during trading on Friday, hitting $74.83. The stock had a trading volume of 981,714 shares, compared to its average volume of 3,416,799. The stock has a 50-day simple moving average of $78.92 and a two-hundred day simple moving average of $88.71. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

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.