Advisory Services Network LLC Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Advisory Services Network LLC lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,253 shares of the business services provider’s stock after selling 1,999 shares during the period. Advisory Services Network LLC’s holdings in Omnicom Group were worth $882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in OMC. Center For Asset Management LLC boosted its stake in Omnicom Group by 3.3% in the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 146 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after purchasing an additional 147 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after buying an additional 161 shares in the last quarter. Convergence Financial LLC raised its stake in Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after buying an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in Omnicom Group by 2.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after acquiring an additional 182 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OMC. Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.43.

Omnicom Group Stock Performance

Shares of OMC stock opened at $76.77 on Tuesday. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm’s 50 day moving average price is $80.34 and its 200-day moving average price is $90.11. The firm has a market cap of $15.09 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the firm earned $2.20 EPS. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced 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 was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.65%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.