First Financial Bank Trust Division trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,524 shares of the business services provider’s stock after selling 826 shares during the quarter. First Financial Bank Trust Division’s holdings in Omnicom Group were worth $2,005,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Omnicom Group by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock worth $1,321,951,000 after acquiring an additional 79,678 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Omnicom Group by 12.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Omnicom Group by 6.1% in the 3rd quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock valued at $469,848,000 after purchasing an additional 364,309 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Omnicom Group by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Omnicom Group by 15,279.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after purchasing an additional 4,963,787 shares during the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.
In related news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now owns 21,271 shares in the company, valued at $1,580,648.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Johnson Rice sold 489 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Shares of Omnicom Group Inc. (OMC) traded down $0.57 during mid-day trading on Tuesday, hitting $72.83. 1,418,100 shares of the stock traded hands, compared to its average volume of 1,943,379. The stock has a market capitalization of $16,789.70, a P/E ratio of 14.51, a P/E/G ratio of 2.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $87.43.
Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. equities research analysts predict that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.30%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio is currently 47.81%.
A number of equities research analysts have recently commented on OMC shares. Credit Suisse Group upped their price objective on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Telsey Advisory Group raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, October 13th. Finally, BMO Capital Markets reissued a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research note on Wednesday, September 13th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.00.
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Omnicom Group 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.
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