Omnicom Group Inc. (NYSE:OMC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 22.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 163,652 shares of the business services provider’s stock after selling 48,342 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Omnicom Group were worth $14,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in OMC. Private Advisor Group LLC grew its position in shares of Omnicom Group by 2.7% in the third quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock valued at $1,299,000 after purchasing an additional 325 shares during the period. International Assets Investment Management LLC grew its position in shares of Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Omnicom Group by 38.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,296 shares of the business services provider’s stock valued at $1,983,000 after purchasing an additional 5,325 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Omnicom Group by 2.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 153,439 shares of the business services provider’s stock valued at $15,611,000 after purchasing an additional 4,222 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Omnicom Group by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 25,234 shares of the business services provider’s stock valued at $2,608,000 after purchasing an additional 1,255 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $83.84 on Wednesday. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The business has a 50-day moving average of $85.19 and a 200-day moving average of $95.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the business earned $2.20 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OMC. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays lowered their price target 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. Wells Fargo & Company lowered their price target on 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. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group 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.