Advisors Asset Management Inc. Has $5.86 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Advisors Asset Management Inc. reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,139 shares of the business services provider’s stock after selling 13,606 shares during the quarter. Advisors Asset Management Inc.’s holdings in Omnicom Group were worth $5,863,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Natixis Advisors LLC increased its holdings in shares of Omnicom Group by 3.3% in the third quarter. Natixis Advisors LLC now owns 157,698 shares of the business services provider’s stock valued at $16,304,000 after purchasing an additional 4,974 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares during the period. Pathstone Holdings LLC lifted its position in Omnicom Group by 2.4% during the third quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock worth $3,662,000 after acquiring an additional 835 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Omnicom Group by 14.9% during the third quarter. Prospera Financial Services Inc now owns 7,050 shares of the business services provider’s stock worth $729,000 after acquiring an additional 915 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Omnicom Group by 17.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,777 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 700 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of OMC stock opened at $81.46 on Thursday. The business has a fifty day simple moving average of $83.78 and a 200 day simple moving average of $93.39. The company has a market cap of $16.01 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.20 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

Several analysts recently weighed in on OMC shares. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note 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. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, Barclays cut their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

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.