Transamerica Financial Advisors Inc. Sells 164 Shares of Omnicom Group Inc. (NYSE:OMC)

Transamerica Financial Advisors Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,717 shares of the business services provider’s stock after selling 164 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Omnicom Group were worth $923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% in 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. Whittier Trust Co. lifted its stake in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Omnicom Group in the 3rd quarter worth approximately $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective 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. Finally, Barclays dropped their target price 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Down 0.5 %

Shares of NYSE OMC opened at $80.24 on Friday. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.94 and a beta of 0.98. The stock has a 50 day moving average price of $83.24 and a 200 day moving average price of $92.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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 previous year, the business posted $2.20 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.