Chatham Capital Group Inc. Sells 172 Shares of Omnicom Group Inc. (NYSE:OMC)

Chatham Capital Group Inc. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,748 shares of the business services provider’s stock after selling 172 shares during the quarter. Chatham Capital Group Inc.’s holdings in Omnicom Group were worth $2,129,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Omnicom Group in the 4th quarter worth $79,321,000. Cullen Frost Bankers Inc. raised its holdings in Omnicom Group by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 175,439 shares of the business services provider’s stock valued at $15,095,000 after acquiring an additional 1,046 shares during the period. Arizona State Retirement System raised its holdings in Omnicom Group by 1.3% during the fourth quarter. Arizona State Retirement System now owns 56,826 shares of the business services provider’s stock valued at $4,889,000 after acquiring an additional 719 shares during the period. Aigen Investment Management LP bought a new stake in Omnicom Group during the fourth quarter valued at about $279,000. Finally, Proficio Capital Partners LLC bought a new stake in Omnicom Group during the fourth quarter valued at about $5,125,000. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on 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 decreased their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays decreased their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Trading Up 0.4 %

Shares of Omnicom Group stock opened at $82.54 on Friday. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.98. The business has a 50-day moving average price of $84.45 and a 200-day moving average price of $94.45. 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 $79.57 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS 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 last year, the company earned $2.20 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.39%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Omnicom Group Company 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.