Raymond James Trust N.A. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,645 shares of the business services provider’s stock after selling 360 shares during the quarter. Raymond James Trust N.A.’s holdings in Omnicom Group were worth $1,434,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. NuWave Investment Management LLC lifted its stake in Omnicom Group by 1,876.5% in the fourth quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $25,000 after buying an additional 319 shares during the period. Sontag Advisory LLC acquired a new position in Omnicom Group in the fourth quarter valued at approximately $28,000. Eukles Asset Management acquired a new position in Omnicom Group in the fourth quarter valued at approximately $29,000. Capital Financial Planning LLC acquired a new position in Omnicom Group in the fourth quarter valued at approximately $30,000. Finally, JOYN Advisors Inc. lifted its stake in Omnicom Group by 47.2% in the fourth quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock valued at $32,000 after buying an additional 142 shares during the period.
Several equities analysts have issued reports on the company. Barclays raised Omnicom Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $76.00 to $84.00 in a research note on Wednesday. Citigroup boosted their price target on Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. BMO Capital Markets dropped their price target on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 13th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Macquarie set a $76.00 price target on Omnicom Group and gave the company a “hold” rating in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.90.
In other news, Director Leonard S. Coleman, Jr. sold 2,556 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $75.25, for a total transaction of $192,339.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Johnson Rice sold 495 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $74.79, for a total value of $37,021.05. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
NYSE OMC opened at $81.25 on Wednesday. The company has a market cap of $16.93 billion, a PE ratio of 14.13, a PEG ratio of 2.79 and a beta of 0.68. Omnicom Group Inc. has a 52 week low of $65.85 and a 52 week high of $82.32. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.41.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.09. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.51 billion. Omnicom Group had a return on equity of 43.14% and a net margin of 8.67%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 5.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 11th were issued a dividend of $0.65 per share. This is an increase from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 8th. This represents a $2.60 annualized dividend and a dividend yield of 3.20%. Omnicom Group’s payout ratio is currently 45.22%.
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Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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