Royal London Asset Management Ltd. Has $6.73 Million Position in Omnicom Group Inc. (NYSE:OMC)

Royal London Asset Management Ltd. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,837 shares of the business services provider’s stock after buying an additional 1,825 shares during the period. Royal London Asset Management Ltd.’s holdings in Omnicom Group were worth $6,734,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. raised its position in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. First United Bank & Trust acquired a new position in shares of Omnicom Group in the fourth quarter worth approximately $35,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Omnicom Group by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OMC shares. Moffett Nathanson boosted their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Macquarie increased their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and an average price target of $104.40.

Omnicom Group Stock Down 1.1 %

Shares of Omnicom Group stock traded down $0.98 during trading hours on Friday, reaching $88.41. The company’s stock had a trading volume of 1,233,326 shares, compared to its average volume of 1,258,319. 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’s fifty day simple moving average is $93.25 and its two-hundred day simple moving average is $90.20. The company has a market capitalization of $17.31 billion, a P/E ratio of 11.95, a P/E/G ratio of 2.08 and a beta of 0.96. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. On average, research analysts forecast that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insiders Place Their Bets

In related news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

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.