Xponance Inc. Sells 1,180 Shares of Omnicom Group Inc. (NYSE:OMC)

Xponance Inc. cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,672 shares of the business services provider’s stock after selling 1,180 shares during the period. Xponance Inc.’s holdings in Omnicom Group were worth $2,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. OFI Invest Asset Management bought a new position in Omnicom Group during the third quarter worth about $25,000. Pinnacle Bancorp Inc. lifted its holdings in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in Omnicom Group by 64.4% during the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in Omnicom Group during the third quarter worth about $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Macquarie lifted their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays boosted their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group Price Performance

NYSE:OMC opened at $93.77 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The stock’s 50-day simple moving average is $91.65 and its 200 day simple moving average is $85.64. The company has a market cap of $18.36 billion, a P/E ratio of 12.67, a P/E/G ratio of 2.17 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

About Omnicom Group

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.