Citizens Financial Group Inc. RI Sells 716 Shares of Omnicom Group Inc. (NYSE:OMC)

Citizens Financial Group Inc. RI cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 15.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,909 shares of the business services provider’s stock after selling 716 shares during the period. Citizens Financial Group Inc. RI’s holdings in Omnicom Group were worth $336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont increased its holdings in Omnicom Group by 742.4% during the 4th 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group in the third quarter worth approximately $55,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Down 0.8 %

Omnicom Group stock opened at $79.40 on Friday. The firm has a 50 day moving average price of $84.08 and a 200-day moving average price of $93.93. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The company has a market capitalization of $15.60 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 quarter last year, the business earned $2.20 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.53%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OMC shares. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

About Omnicom Group

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.