River Global Investors LLP Sells 859 Shares of Omnicom Group Inc. (NYSE:OMC)

River Global Investors LLP reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,722 shares of the business services provider’s stock after selling 859 shares during the period. River Global Investors LLP’s holdings in Omnicom Group were worth $1,879,000 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. Aviva PLC grew its holdings in shares of Omnicom Group by 406.1% in the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after buying an additional 101,348 shares during the period. NBC Securities Inc. acquired a new stake in shares of Omnicom Group during the third quarter worth about $200,000. Arvest Investments Inc. bought a new position in shares of Omnicom Group during the 4th quarter valued at about $1,969,000. Raymond James & Associates grew its position in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after purchasing an additional 13,709 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after purchasing an additional 62,640 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $0.12 during trading on Friday, hitting $92.75. 1,436,571 shares of the stock were exchanged, compared to its average volume of 1,716,013. 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 moving average price of $92.93 and a 200-day moving average price of $86.86. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23.

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

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OMC. Barclays raised their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Moffett Nathanson increased their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, Macquarie raised their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

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 dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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.