SG Americas Securities LLC Decreases Position in Omnicom Group Inc. (NYSE:OMC)

SG Americas Securities LLC decreased its stake in Omnicom Group Inc. (NYSE:OMC) by 79.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,420 shares of the business services provider’s stock after selling 272,585 shares during the quarter. SG Americas Securities LLC’s holdings in Omnicom Group were worth $5,887,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the third quarter valued at approximately $33,000. Davis Capital Management purchased a new position in Omnicom Group during the third quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its stake in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Stock Up 0.5 %

Omnicom Group stock opened at $86.60 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The stock has a market capitalization of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The business has a 50 day simple moving average of $91.85 and a 200-day simple moving average of $96.39. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.