Omnicom Group Inc. (NYSE:OMC) Shares Sold by Iowa State Bank

Iowa State Bank lessened its holdings in Omnicom Group Inc. (NYSE:OMCFree Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,113 shares of the business services provider’s stock after selling 378 shares during the period. Iowa State Bank’s holdings in Omnicom Group were worth $2,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carolinas Wealth Consulting LLC boosted its position in shares of Omnicom Group by 1,805.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after buying an additional 307 shares during the period. KB Financial Partners LLC boosted its position in shares of Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after buying an additional 305 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Omnicom Group in the third quarter worth $25,000. First Capital Advisors Group LLC. acquired a new stake in shares of Omnicom Group in the second quarter worth $45,000. Finally, Ronald Blue Trust Inc. boosted its position in shares of Omnicom Group by 64.4% in the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.3 %

NYSE OMC traded down $1.27 during trading on Tuesday, hitting $95.31. 1,099,385 shares of the company traded hands, compared to its average volume of 1,647,462. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The business has a fifty day simple moving average of $90.57 and a 200 day simple moving average of $83.72. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $18.87 billion, a P/E ratio of 13.77, a PEG ratio of 2.31 and a beta of 0.97.

Omnicom Group (NYSE:OMCGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. Omnicom Group’s payout ratio is presently 40.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMC. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective for the company. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $90.00 to $100.00 in a research report on Friday, December 15th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Thursday, March 28th. Macquarie lifted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, StockNews.com cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Check Out Our Latest Stock Report on Omnicom Group

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Company Profile

(Free Report)

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.

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

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