Royal London Asset Management Ltd. Has $8.10 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Royal London Asset Management Ltd. decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,100 shares of the business services provider’s stock after selling 2,773 shares during the period. Royal London Asset Management Ltd.’s holdings in Omnicom Group were worth $8,096,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc grew its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its position in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Omnicom Group in the third quarter valued at approximately $55,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $81.03 on Monday. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00. The company has a 50 day moving average of $83.69 and a 200-day moving average of $93.08.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.20 earnings per share. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of research reports. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, UBS Group lowered their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

About Omnicom Group

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.