Impax Asset Management Group plc Cuts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Impax Asset Management Group plc lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 71,604 shares of the business services provider’s stock after selling 2,689 shares during the period. Impax Asset Management Group plc’s holdings in Omnicom Group were worth $6,161,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc increased its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares during the last quarter. HM Payson & Co. increased its holdings in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Omnicom Group in the third quarter valued at $55,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC stock opened at $83.70 on Tuesday. The stock’s 50-day moving average is $85.29 and its two-hundred day moving average is $95.15. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. 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 quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 prior year, the business earned $2.20 earnings per share. Analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.