Omnicom Group Inc. (NYSE:OMC) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 14.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,806,302 shares of the business services provider’s stock after selling 483,523 shares during the quarter. Invesco Ltd.’s holdings in Omnicom Group were worth $241,454,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Center For Asset Management LLC lifted its position 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 valued at $105,000 after purchasing an additional 147 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 161 shares during the period. Convergence Financial LLC grew its stake in Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after buying an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its stake in Omnicom Group by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, UBS Group decreased their target price on shares of 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.43.

Omnicom Group Trading Down 3.4 %

Shares of OMC stock opened at $73.93 on Friday. The business’s fifty day moving average price is $80.73 and its 200 day moving average price is $90.55. The firm has a market capitalization of $14.53 billion, a PE ratio of 9.92, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted $2.20 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.79%. Omnicom Group’s payout ratio is 37.58%.

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.