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 16.2% during the 1st quarter, HoldingsChannel reports. The firm owned 289,553 shares of the business services provider’s stock after selling 55,791 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Omnicom Group were worth $21,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. E. Ohman J or Asset Management AB raised its stake in shares of Omnicom Group by 27.3% during the first quarter. E. Ohman J or Asset Management AB now owns 9,781 shares of the business services provider’s stock worth $737,000 after purchasing an additional 2,100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Omnicom Group by 92.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,043 shares of the business services provider’s stock valued at $1,886,000 after buying an additional 12,012 shares during the last quarter. Hsbc Holdings PLC grew its position in Omnicom Group by 69.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,106,437 shares of the business services provider’s stock valued at $89,543,000 after buying an additional 455,192 shares during the last quarter. World Investment Advisors increased its stake in Omnicom Group by 46.1% in the 4th quarter. World Investment Advisors now owns 53,238 shares of the business services provider’s stock valued at $4,299,000 after buying an additional 16,788 shares during the period. Finally, Corient Private Wealth LLC increased its stake in Omnicom Group by 54.3% in the 4th quarter. Corient Private Wealth LLC now owns 122,308 shares of the business services provider’s stock valued at $9,877,000 after buying an additional 43,044 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Barclays boosted their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Morgan Stanley increased their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup reduced their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Trading Up 0.0%

NYSE:OMC opened at $71.36 on Friday. The stock has a fifty day moving average price of $75.38 and a two-hundred day moving average price of $76.73. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 182.99, a PEG ratio of 0.43 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.