Sfmg LLC Decreases Position in Omnicom Group Inc. (NYSE:OMC)

Sfmg LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,368 shares of the business services provider’s stock after selling 611 shares during the quarter. Sfmg LLC’s holdings in Omnicom Group were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Omnicom Group by 4.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock worth $2,374,000 after buying an additional 1,284 shares during the last quarter. Aviva PLC increased its holdings in shares of Omnicom Group by 27.0% during the 1st quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock worth $6,880,000 after buying an additional 17,251 shares during the last quarter. Prudential PLC acquired a new stake in shares of Omnicom Group during the 1st quarter worth approximately $503,000. National Pension Service increased its holdings in shares of Omnicom Group by 644.1% during the 1st quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock worth $34,579,000 after buying an additional 352,639 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Omnicom Group during the 1st quarter worth approximately $929,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OMC shares. Barclays raised their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Macquarie lifted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Thursday, March 28th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $91.00 to $106.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group Stock Performance

NYSE:OMC opened at $92.45 on Thursday. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company has a fifty day simple moving average of $91.25 and a two-hundred day simple moving average of $85.14. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

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.