Exxonmobil Investment Management Inc. TX reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 36,656 shares of the business services provider’s stock after selling 5,483 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Omnicom Group were worth $2,670,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMC. Franklin Resources Inc. lifted its holdings in Omnicom Group by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 239,347 shares of the business services provider’s stock worth $19,842,000 after purchasing an additional 1,161 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Omnicom Group by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 486,110 shares of the business services provider’s stock worth $40,313,000 after purchasing an additional 4,607 shares during the last quarter. Norinchukin Bank The lifted its holdings in Omnicom Group by 6.0% in the 2nd quarter. Norinchukin Bank The now owns 16,151 shares of the business services provider’s stock worth $1,339,000 after purchasing an additional 911 shares during the last quarter. Amalgamated Bank lifted its holdings in Omnicom Group by 52.5% in the 2nd quarter. Amalgamated Bank now owns 27,278 shares of the business services provider’s stock worth $2,261,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Loews Corp lifted its holdings in Omnicom Group by 23.0% in the 2nd quarter. Loews Corp now owns 3,845 shares of the business services provider’s stock worth $319,000 after purchasing an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 98.58% of the company’s stock.

Several research firms recently weighed in on OMC. Credit Suisse Group boosted their target price on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Royal Bank of Canada reduced their target price on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Telsey Advisory Group upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $86.00 to $89.00 in a report on Wednesday, October 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $84.36.

Omnicom Group Inc. (OMC) opened at $75.92 on Friday. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $87.43. The company has a market capitalization of $17,133.19, a P/E ratio of 15.12, a PEG ratio of 1.98 and a beta of 1.23. 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 (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. equities research analysts anticipate that Omnicom Group Inc. will post 5.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.16%. Omnicom Group’s payout ratio is 47.81%.

In other news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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About Omnicom Group

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.

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

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