Corient Private Wealth LLC Trims Stake in Omnicom Group Inc. (NYSE:OMC)

Corient Private Wealth LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,050 shares of the business services provider’s stock after selling 13,744 shares during the period. Corient Private Wealth LLC’s holdings in Omnicom Group were worth $7,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OMC. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group during the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 271 shares during the period. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the period. Trust Co. of Vermont raised its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group in the 3rd quarter worth $55,000. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMC. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company dropped their price objective 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. UBS Group reduced their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Stock Down 0.9 %

Shares of NYSE OMC opened at $80.74 on Friday. The stock has a market cap of $15.86 billion, a PE ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The company has a 50-day moving average of $83.71 and a 200 day moving average of $93.30.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the firm posted $2.20 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 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.