B. Riley Wealth Advisors Inc. Sells 4,416 Shares of Omnicom Group Inc. (NYSE:OMC)

B. Riley Wealth Advisors Inc. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 58.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,185 shares of the business services provider’s stock after selling 4,416 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Omnicom Group were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in OMC. &PARTNERS grew its holdings in Omnicom Group by 44.9% during the 2nd quarter. &PARTNERS now owns 7,587 shares of the business services provider’s stock worth $681,000 after acquiring an additional 2,351 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter worth $70,000. TFG Advisers LLC boosted its holdings in shares of Omnicom Group by 2.8% in the 2nd quarter. TFG Advisers LLC now owns 11,992 shares of the business services provider’s stock valued at $1,076,000 after buying an additional 331 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after purchasing an additional 892,494 shares during the last quarter. Finally, Gold Investment Management Ltd. grew its stake in Omnicom Group by 1.3% during the 2nd quarter. Gold Investment Management Ltd. now owns 11,096 shares of the business services provider’s stock worth $995,000 after buying an additional 144 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on OMC shares. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Bank of America boosted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Omnicom Group Stock Up 1.1 %

Omnicom Group stock opened at $88.86 on Friday. Omnicom Group Inc. has a 52 week low of $84.43 and a 52 week high of $107.00. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. The business’s 50-day moving average price is $100.28 and its 200 day moving average price is $97.11. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the company earned $1.86 EPS. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. Omnicom Group’s dividend payout ratio (DPR) is currently 38.25%.

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.