DT Investment Partners LLC Has $103,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

DT Investment Partners LLC decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 35.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,194 shares of the business services provider’s stock after selling 654 shares during the quarter. DT Investment Partners LLC’s holdings in Omnicom Group were worth $103,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC increased its holdings in shares of Omnicom Group by 62.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,735 shares of the business services provider’s stock worth $1,007,000 after acquiring an additional 3,727 shares during the last quarter. Creative Planning increased its holdings in shares of Omnicom Group by 1.4% during the 3rd quarter. Creative Planning now owns 59,611 shares of the business services provider’s stock worth $6,163,000 after acquiring an additional 808 shares during the last quarter. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Omnicom Group by 5.4% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 17,121 shares of the business services provider’s stock worth $1,770,000 after acquiring an additional 880 shares during the last quarter. Mezzasalma Advisors LLC increased its holdings in shares of Omnicom Group by 6.4% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,787 shares of the business services provider’s stock worth $392,000 after acquiring an additional 229 shares during the last quarter. Finally, One Wealth Advisors LLC acquired a new position in shares of Omnicom Group during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $81.89 on Friday. The business has a fifty day simple moving average of $87.14 and a 200 day simple moving average of $95.75. The company has a market capitalization of $16.09 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 quarter in the prior year, the business posted $2.20 earnings per share. Research analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.42%. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their price target on 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. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group 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.