Ossiam lessened its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,133 shares of the business services provider's stock after selling 5,783 shares during the period. Ossiam's holdings in Omnicom Group were worth $528,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in OMC. ST Germain D J Co. Inc. bought a new stake in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares during the period. Whittier Trust Co. raised its holdings in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $101.29.
Read Our Latest Stock Analysis on OMC
Omnicom Group Trading Up 0.7 %
Shares of OMC stock traded up $0.51 during mid-day trading on Monday, reaching $75.43. 493,332 shares of the stock traded hands, compared to its average volume of 2,190,820. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. 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 stock's fifty day simple moving average is $78.75 and its two-hundred day simple moving average is $88.34. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.
Omnicom Group (NYSE:OMC - Get Free Report) last posted 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 business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.
Omnicom Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 dividend on an annualized basis and a yield of 3.71%. Omnicom Group's payout ratio is 38.30%.
About Omnicom Group
(
Free Report)
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.
Featured Stories
Before you consider Omnicom Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omnicom Group wasn't on the list.
While Omnicom Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
