Omnicom Group Inc. (OMC) Position Reduced by River Road Asset Management LLC

River Road Asset Management LLC lessened its position in Omnicom Group Inc. (NYSE:OMC) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 665,925 shares of the business services provider’s stock after selling 55,213 shares during the quarter. Omnicom Group comprises about 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. River Road Asset Management LLC owned about 0.30% of Omnicom Group worth $48,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its holdings in Omnicom Group by 2.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 7,977 shares of the business services provider’s stock worth $584,000 after acquiring an additional 173 shares during the period. CENTRAL TRUST Co raised its holdings in Omnicom Group by 3.2% in the 4th quarter. CENTRAL TRUST Co now owns 7,455 shares of the business services provider’s stock worth $546,000 after acquiring an additional 234 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Omnicom Group by 1.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 18,819 shares of the business services provider’s stock worth $1,378,000 after purchasing an additional 266 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Omnicom Group by 1,876.5% during the 4th quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock worth $25,000 after purchasing an additional 319 shares during the period. Finally, Eukles Asset Management bought a new position in shares of Omnicom Group during the 4th quarter worth about $29,000.

Shares of Omnicom Group stock traded up $1.15 during trading on Wednesday, hitting $75.24. 49,758 shares of the company’s stock traded hands, compared to its average volume of 2,098,219. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87. Omnicom Group Inc. has a twelve month low of $65.85 and a twelve month high of $83.34. The firm has a market cap of $16.74 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.90 and a beta of 0.72.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 12th. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.11. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business earned $1.55 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Omnicom Group Inc. will post 5.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.65 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 47.06%.

OMC has been the topic of several research reports. ValuEngine upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays set a $76.00 price objective on shares of Omnicom Group and gave the stock a “sell” rating in a report on Wednesday, October 17th. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Friday, January 25th. Citigroup boosted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, October 24th. Finally, Pivotal Research boosted their price objective on shares of Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $75.80.

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Omnicom Group 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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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