Ieq Capital LLC Has $537,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Ieq Capital LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,242 shares of the business services provider’s stock after selling 1,365 shares during the period. Ieq Capital LLC’s holdings in Omnicom Group were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. Geode Capital Management LLC raised its holdings in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Barclays PLC raised its holdings in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after buying an additional 13,637 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Omnicom Group by 23.6% during the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after buying an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Omnicom Group by 16.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after buying an additional 97,661 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Down 0.2 %

Shares of OMC stock opened at $83.69 on Thursday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $85.11 and its 200 day simple moving average is $95.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the firm posted $2.20 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.