Vontobel Holding Ltd. Sells 3,161 Shares of Omnicom Group Inc. (NYSE:OMC)

Vontobel Holding Ltd. reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,242 shares of the business services provider’s stock after selling 3,161 shares during the quarter. Vontobel Holding Ltd.’s holdings in Omnicom Group were worth $5,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc increased its position in Omnicom Group by 645.2% during 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 during the period. Northwest Investment Counselors LLC purchased a new position in Omnicom Group during the 3rd quarter valued at $33,000. HM Payson & Co. increased its position in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares during the period. Finally, Trust Co. of Vermont increased its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $82.28 on Friday. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. The firm’s 50-day moving average is $86.29 and its 200 day moving average is $95.56. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company posted $2.20 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.