ASR Vermogensbeheer N.V. Reduces Holdings in Omnicom Group Inc. $OMC

ASR Vermogensbeheer N.V. cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,633 shares of the business services provider’s stock after selling 5,065 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Omnicom Group were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Omnicom Group during the 1st quarter valued at approximately $34,000. Gen Wealth Partners Inc bought a new position in Omnicom Group during the 1st quarter valued at approximately $36,000. Versant Capital Management Inc raised its position in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. Golden State Wealth Management LLC raised its position in Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Omnicom Group during the 1st quarter valued at approximately $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.0%

Shares of NYSE:OMC opened at $77.59 on Friday. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The firm has a market capitalization of $15.03 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.50 and a beta of 0.96. The stock has a 50 day moving average price of $76.33 and a 200-day moving average price of $75.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate 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 Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

A number of research analysts have commented on OMC shares. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Saturday, September 27th. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

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.