Russell Investments Group Ltd. Cuts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Russell Investments Group Ltd. lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,372 shares of the business services provider’s stock after selling 4,560 shares during the quarter. Russell Investments Group Ltd.’s holdings in Omnicom Group were worth $25,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. lifted its holdings in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth $38,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Omnicom Group by 116.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after purchasing an additional 323 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Omnicom Group by 49.2% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group initiated coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 target price on the stock. Barclays raised their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. Finally, Moffett Nathanson lifted their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.40.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $93.65 on Thursday. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The company’s 50-day moving average is $92.76 and its two-hundred day moving average is $86.55. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Research analysts expect that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 2.99%. Omnicom Group’s payout ratio is currently 37.84%.

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.