Redwood Investment Management LLC Decreases Position in Omnicom Group Inc. (NYSE:OMC)

Redwood Investment Management LLC lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 46.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,290 shares of the business services provider's stock after selling 16,456 shares during the quarter. Redwood Investment Management LLC's holdings in Omnicom Group were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA increased its holdings in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter valued at $150,819,000. FMR LLC increased its stake in shares of Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after purchasing an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Omnicom Group during the fourth quarter valued at $79,321,000. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Price Performance

NYSE OMC traded down $0.02 during trading hours on Monday, reaching $76.95. The company's stock had a trading volume of 1,808,870 shares, compared to its average volume of 2,243,655. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year 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. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.94 and a beta of 0.95. The firm's 50-day moving average price is $76.78 and its 200-day moving average price is $85.59.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 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 firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

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.