Omnicom Group Inc. (NYSE:OMC) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,610 shares of the business services provider’s stock after selling 219 shares during the period. OLD National Bancorp IN’s holdings in Omnicom Group were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in shares of Omnicom Group by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 31,013 shares of the business services provider’s stock valued at $2,683,000 after acquiring an additional 1,360 shares in the last quarter. CWM LLC lifted its position in shares of Omnicom Group by 0.6% in the 4th quarter. CWM LLC now owns 51,913 shares of the business services provider’s stock valued at $4,491,000 after acquiring an additional 326 shares in the last quarter. Signaturefd LLC lifted its position in shares of Omnicom Group by 21.4% in the 4th quarter. Signaturefd LLC now owns 4,985 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 879 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Omnicom Group by 37.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 4,504 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Omnicom Group by 22.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,696 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 501 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

NYSE OMC opened at $94.22 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $91.84 and a 200 day simple moving average of $85.78. The company has a market cap of $18.45 billion, a P/E ratio of 12.73, a P/E/G ratio of 2.20 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OMC shares. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays upped their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. Finally, Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.40.

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.