Omnicom Group Inc. (NYSE:OMC) Stock Position Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,100 shares of the business services provider’s stock after selling 2,773 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Omnicom Group were worth $8,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Omnicom Group in the 4th quarter worth about $79,321,000. State Street Corp increased its position in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Omnicom Group by 4,413.3% in the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after acquiring an additional 374,952 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Omnicom Group during the third quarter valued at approximately $21,191,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after acquiring an additional 156,438 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 0.4 %

Shares of NYSE OMC opened at $81.03 on Monday. The business has a 50 day simple moving average of $83.69 and a 200 day simple moving average of $93.08. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.94 and a beta of 0.98. 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 posted its 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 net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the business earned $2.20 earnings per share. On average, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several research analyst reports. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday. Macquarie reiterated 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. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.75.

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.