Ossiam Trims Stock Position in Omnicom Group Inc. (NYSE:OMC)

Ossiam trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 26.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 84,546 shares of the business services provider’s stock after selling 29,665 shares during the period. Ossiam’s holdings in Omnicom Group were worth $6,157,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Arkadios Wealth Advisors raised its holdings in shares of Omnicom Group by 58.8% in the second quarter. Arkadios Wealth Advisors now owns 486 shares of the business services provider’s stock valued at $38,000 after buying an additional 180 shares during the last quarter. AGF Investments LLC grew its position in Omnicom Group by 122.7% during the first quarter. AGF Investments LLC now owns 519 shares of the business services provider’s stock worth $38,000 after buying an additional 286 shares during the period. tru Independence LLC acquired a new position in Omnicom Group during the second quarter worth about $47,000. Heritage Wealth Advisors grew its position in Omnicom Group by 185.2% during the second quarter. Heritage Wealth Advisors now owns 599 shares of the business services provider’s stock worth $37,000 after buying an additional 389 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Omnicom Group by 446.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 505 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

OMC has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $90.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, October 5th. Morgan Stanley reduced their price objective on shares of Omnicom Group from $79.00 to $76.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 21st. Finally, Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and an average price target of $78.33.

NYSE:OMC traded up $0.52 during trading hours on Thursday, reaching $74.29. 1,291,233 shares of the company were exchanged, compared to its average volume of 1,723,590. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.00 and a quick ratio of 0.92. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.43 and a beta of 0.92. Omnicom Group Inc. has a 52-week low of $44.50 and a 52-week high of $86.38. The stock has a 50 day simple moving average of $73.60 and a 200 day simple moving average of $77.51.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, July 19th. The business services provider reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.29 billion. Omnicom Group had a net margin of 9.65% and a return on equity of 35.92%. Omnicom Group’s revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 6.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 12th. Shareholders of record on Tuesday, September 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Monday, September 20th. Omnicom Group’s dividend payout ratio is currently 55.45%.

Omnicom Group Company Profile

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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