Rockefeller Capital Management L.P. Sells 29,336 Shares of Omnicom Group Inc. $OMC

Rockefeller Capital Management L.P. lessened its position in Omnicom Group Inc. (NYSE:OMC) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,053 shares of the business services provider’s stock after selling 29,336 shares during the period. Rockefeller Capital Management L.P.’s holdings in Omnicom Group were worth $3,154,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID raised its holdings in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. Finally, EFG International AG bought a new position in Omnicom Group in the 4th quarter valued at approximately $28,000. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OMC has been the topic of a number of research reports. Citigroup reduced their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target on the stock. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective on the stock. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Up 0.0%

Shares of NYSE OMC opened at $73.11 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The company has a 50-day moving average price of $75.11 and a 200-day moving average price of $76.80. The stock has a market capitalization of $20.84 billion, a P/E ratio of 187.46, a P/E/G ratio of 0.44 and a beta of 0.64. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The firm’s revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. Omnicom Group’s dividend payout ratio is 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.