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

Advisors Asset Management Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 85,427 shares of the business services provider’s stock after selling 3,205 shares during the period. Advisors Asset Management Inc.’s holdings in Omnicom Group were worth $8,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Beutel Goodman & Co Ltd. lifted its holdings in Omnicom Group by 1.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock worth $363,148,000 after buying an additional 42,075 shares in the last quarter. First Trust Advisors LP lifted its holdings in Omnicom Group by 7.7% in the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after buying an additional 186,562 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Omnicom Group by 1.9% in the 4th quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock worth $205,051,000 after buying an additional 43,861 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Omnicom Group by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,855,879 shares of the business services provider’s stock worth $160,557,000 after buying an additional 78,215 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its position in shares of Omnicom Group by 98.7% in the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after purchasing an additional 595,746 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded up $2.08 during trading on Friday, reaching $95.43. 2,018,338 shares of the company’s stock traded hands, compared to its average volume of 1,628,245. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $98.06. The company has a 50 day moving average of $91.39 and a 200-day moving average of $91.47. The stock has a market capitalization of $18.67 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. Omnicom Group’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Ratings Changes

OMC has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Moffett Nathanson boosted their target price 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. Finally, Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.70.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

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.