Signaturefd LLC Sells 229 Shares of Omnicom Group Inc. (NYSE:OMC)

Signaturefd LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,921 shares of the business services provider’s stock after selling 229 shares during the quarter. Signaturefd LLC’s holdings in Omnicom Group were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OMC. Thrivent Financial for Lutherans grew its stake in Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares in the last quarter. Pathstone Holdings LLC grew its stake in Omnicom Group by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock valued at $3,662,000 after buying an additional 835 shares in the last quarter. Prospera Financial Services Inc grew its stake in Omnicom Group by 14.9% in the 3rd quarter. Prospera Financial Services Inc now owns 7,050 shares of the business services provider’s stock valued at $729,000 after buying an additional 915 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Omnicom Group by 17.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,777 shares of the business services provider’s stock valued at $494,000 after buying an additional 700 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Omnicom Group in the 3rd quarter valued at approximately $500,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $80.74 on Friday. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market capitalization of $15.86 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a fifty day moving average of $83.71 and a 200-day moving average of $93.30.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMC. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. UBS Group reduced their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.75.

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.