Omnicom Group Inc. $OMC Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 41.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,486 shares of the business services provider’s stock after selling 199,753 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Omnicom Group were worth $20,607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Omnicom Group in the first quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new position in Omnicom Group in the second quarter valued at approximately $34,000. Gen Wealth Partners Inc purchased a new position in Omnicom Group in the first quarter valued at approximately $36,000. Golden State Wealth Management LLC increased its stake in Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Omnicom Group in the first quarter valued at approximately $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Omnicom Group stock opened at $78.58 on Wednesday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The business has a 50 day simple moving average of $77.09 and a 200-day simple moving average of $74.94. The stock has a market capitalization of $15.22 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is 40.17%.

Analysts Set New Price Targets

Several brokerages have commented on OMC. Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $96.29.

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.