Amalgamated Bank Has $3.23 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Amalgamated Bank lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 37,500 shares of the business services provider’s stock after selling 832 shares during the period. Amalgamated Bank’s holdings in Omnicom Group were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc lifted its holdings in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 195 shares in the last quarter. HM Payson & Co. increased its stake in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Omnicom Group during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.2 %

NYSE:OMC opened at $82.75 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The firm’s 50 day simple moving average is $84.86 and its 200 day simple moving average is $94.83. The company has a market cap of $16.26 billion, a PE ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the firm earned $2.20 EPS. On average, research analysts anticipate 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 will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OMC shares. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group 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.