American International Group Inc. Sells 378 Shares of Omnicom Group Inc. (NYSE:OMC)

American International Group Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 51,898 shares of the business services provider’s stock after selling 378 shares during the quarter. American International Group Inc.’s holdings in Omnicom Group were worth $4,490,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Syon Capital LLC grew its holdings in shares of Omnicom Group by 11.6% in the 4th quarter. Syon Capital LLC now owns 3,335 shares of the business services provider’s stock worth $289,000 after purchasing an additional 346 shares during the last quarter. Beacon Financial Group grew its holdings in Omnicom Group by 7.1% during the 4th quarter. Beacon Financial Group now owns 9,698 shares of the business services provider’s stock worth $839,000 after acquiring an additional 645 shares during the last quarter. Sierra Summit Advisors LLC bought a new stake in Omnicom Group during the 4th quarter worth about $529,000. V Square Quantitative Management LLC grew its holdings in Omnicom Group by 23.1% during the 4th quarter. V Square Quantitative Management LLC now owns 4,669 shares of the business services provider’s stock worth $404,000 after acquiring an additional 877 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in Omnicom Group during the 4th quarter worth about $257,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.8 %

Shares of NYSE OMC opened at $90.47 on Friday. The firm has a market capitalization of $17.72 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. 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 Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The firm’s 50-day moving average is $93.06 and its 200-day moving average is $90.60.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. Equities analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Dividend Announcement

The company 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. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.09%. Omnicom Group’s dividend payout ratio is 37.84%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Moffett Nathanson increased their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. One investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate 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.