Epoch Investment Partners Inc. Sells 75,529 Shares of Omnicom Group Inc. (NYSE:OMC)

Epoch Investment Partners Inc. lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 716,028 shares of the business services provider’s stock after selling 75,529 shares during the quarter. Epoch Investment Partners Inc. owned about 0.37% of Omnicom Group worth $69,283,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $280,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $274,000. EP Wealth Advisors LLC lifted its stake in shares of Omnicom Group by 5.8% in the 1st quarter. EP Wealth Advisors LLC now owns 4,935 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 269 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $361,000. Finally, Vident Advisory LLC lifted its stake in shares of Omnicom Group by 5.8% in the 1st quarter. Vident Advisory LLC now owns 181,058 shares of the business services provider’s stock valued at $17,519,000 after purchasing an additional 9,910 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Stock Up 2.2 %

Shares of NYSE OMC traded up $2.08 during mid-day trading on Friday, hitting $95.43. The company had a trading volume of 2,018,439 shares, compared to its average volume of 1,741,401. The company has a market capitalization of $18.67 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.95. The firm has a 50-day simple moving average of $91.38 and a two-hundred day simple moving average of $91.54. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $98.06.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. Omnicom Group’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. On average, equities analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

OMC has been the topic of a number of analyst reports. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. UBS Group raised their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.70.

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.