Asset Management One Co. Ltd. lessened its position in Omnicom Group Inc. (NYSE:OMC) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,320 shares of the business services provider’s stock after selling 1,206 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Omnicom Group worth $26,841,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the period. Dupont Capital Management Corp purchased a new stake in Omnicom Group in the second quarter valued at approximately $104,000. Acrospire Investment Management LLC purchased a new stake in Omnicom Group in the second quarter valued at approximately $149,000. Eagle Ridge Investment Management purchased a new stake in Omnicom Group in the third quarter valued at approximately $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Omnicom Group in the third quarter valued at approximately $205,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Inc. (NYSE OMC) traded up $0.39 on Monday, reaching $73.48. 3,271,900 shares of the company’s stock traded hands, compared to its average volume of 1,943,353. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $89.66. The stock has a market capitalization of $16,939.54, a P/E ratio of 14.78, a P/E/G ratio of 1.96 and a beta of 1.24.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. Omnicom Group’s revenue for the quarter was down 1.9% on a year-over-year basis. equities research analysts anticipate that Omnicom Group Inc. will post 5.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be paid a dividend of $0.60 per share. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s payout ratio is currently 43.82%.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

A number of research firms recently issued reports on OMC. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group boosted their target price on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada lowered their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $84.00.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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

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