Amalgamated Bank Sells 7,178 Shares of Omnicom Group Inc. (NYSE:OMC)

Amalgamated Bank trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,919 shares of the business services provider’s stock after selling 7,178 shares during the quarter. Amalgamated Bank’s holdings in Omnicom Group were worth $4,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. OFI Invest Asset Management purchased a new stake in Omnicom Group during the third quarter valued at $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. increased its position in shares of Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Omnicom Group in the 3rd quarter worth approximately $38,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Omnicom Group by 116.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after buying an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent research reports. Macquarie increased their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $110.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Omnicom Group Price Performance

OMC stock opened at $94.72 on Wednesday. The company has a market capitalization of $18.55 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company’s fifty day moving average price is $93.12 and its 200-day moving average price is $87.14. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.

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

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.96%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by insiders.

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.