Schroder Investment Management Group Sells 6,723 Shares of Omnicom Group Inc. (NYSE:OMC)

Schroder Investment Management Group reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 325,233 shares of the business services provider’s stock after selling 6,723 shares during the period. Schroder Investment Management Group owned about 0.17% of Omnicom Group worth $27,983,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beutel Goodman & Co Ltd. raised its position in Omnicom Group by 7.1% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider’s stock valued at $292,698,000 after buying an additional 224,870 shares during the last quarter. Allstate Corp bought a new stake in shares of Omnicom Group in the 4th quarter worth $491,000. DnB Asset Management AS raised its holdings in shares of Omnicom Group by 0.9% in the fourth quarter. DnB Asset Management AS now owns 36,316 shares of the business services provider’s stock valued at $3,125,000 after purchasing an additional 331 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Omnicom Group by 8.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 302,391 shares of the business services provider’s stock valued at $26,018,000 after purchasing an additional 23,093 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Omnicom Group by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 59,062 shares of the business services provider’s stock worth $5,082,000 after purchasing an additional 330 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OMC shares. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Barclays decreased their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Trading Down 0.4 %

Shares of OMC opened at $79.43 on Thursday. The firm has a market cap of $15.61 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $78.40 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The business has a 50-day moving average of $82.91 and a 200 day moving average of $92.08.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the firm posted $2.20 earnings per share. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

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.