Xponance Inc. Sells 514 Shares of Omnicom Group Inc. (NYSE:OMC)

Xponance Inc. lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,752 shares of the business services provider’s stock after selling 514 shares during the period. Xponance Inc.’s holdings in Omnicom Group were worth $2,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OMC. Vanguard Group Inc. raised its position in shares of Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after buying an additional 99,424 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after buying an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock valued at $442,453,000 after buying an additional 51,148 shares in the last quarter. First Trust Advisors LP raised its position in shares of Omnicom Group by 23.8% in the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock valued at $334,076,000 after buying an additional 747,575 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. raised its position in shares of Omnicom Group by 7.1% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider’s stock valued at $292,698,000 after buying an additional 224,870 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Monday, June 23rd. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup reiterated a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $95.29.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $72.67 on Tuesday. The business has a 50-day moving average price of $73.21 and a two-hundred day moving average price of $78.32. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. The company has a market cap of $14.18 billion, a P/E ratio of 9.94, a PEG ratio of 1.60 and a beta of 0.92.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th were issued a $0.70 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Omnicom Group’s dividend payout ratio is presently 38.30%.

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.