CarsonAllaria Wealth Management Ltd. Lowers Position in Omnicom Group Inc. (NYSE:OMC)

CarsonAllaria Wealth Management Ltd. trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,801 shares of the business services provider’s stock after selling 339 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Omnicom Group were worth $155,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. boosted its position in shares of Omnicom Group by 14.0% during the 4th quarter. Mather Group LLC. now owns 2,752 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 339 shares during the last quarter. Columbus Macro LLC raised its stake in Omnicom Group by 52.7% in the fourth quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider’s stock valued at $2,058,000 after purchasing an additional 8,260 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Omnicom Group by 29.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 1,437 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Omnicom Group in the 4th quarter worth approximately $219,000. Finally, BTC Capital Management Inc. increased its holdings in shares of Omnicom Group by 4.7% in the 4th quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider’s stock worth $4,651,000 after buying an additional 2,424 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. UBS Group upped their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $87.07 on Wednesday. The stock has a market capitalization of $17.11 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The business’s 50 day simple moving average is $90.02 and its two-hundred day simple moving average is $96.20.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the company posted $2.20 earnings per share. Analysts forecast that Omnicom Group Inc. will post 7.99 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.22%. Omnicom Group’s dividend payout ratio is presently 38.25%.

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.