Candriam S.C.A. Lowers Stock Position in Omnicom Group Inc. (NYSE:OMC)

Candriam S.C.A. trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,712 shares of the business services provider’s stock after selling 41,468 shares during the period. Candriam S.C.A.’s holdings in Omnicom Group were worth $6,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its position 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 buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its position in Omnicom Group by 146.6% during the fourth 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 last quarter. Trust Co. of Vermont increased its position in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Omnicom Group during the third quarter worth about $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 2.8 %

NYSE OMC opened at $84.90 on Friday. Omnicom Group Inc. has a one year low of $79.57 and a one year high of $107.00. The company’s 50 day moving average price is $84.42 and its 200 day moving average price is $94.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly 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 prior year, the company earned $2.20 earnings per share. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Wall Street Analyst Weigh In

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