Janus Henderson Group PLC Sells 44,622 Shares of Omnicom Group Inc. $OMC

Janus Henderson Group PLC lessened its position in shares of Omnicom Group Inc. (NYSE:OMC) by 57.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,400 shares of the business services provider’s stock after selling 44,622 shares during the period. Janus Henderson Group PLC’s holdings in Omnicom Group were worth $2,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OMC. Activest Wealth Management boosted its position in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Omnicom Group during the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new position in shares of Omnicom Group in the 4th quarter worth about $26,000. Legacy Wealth Managment LLC ID raised its position in shares of Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on OMC shares. The Goldman Sachs Group began coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Wells Fargo & Company increased their price target on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Finally, Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Stock Performance

NYSE OMC opened at $85.23 on Friday. The company has a market cap of $23.38 billion, a P/E ratio of 73.48, a PEG ratio of 0.57 and a beta of 0.64. The company has a fifty day simple moving average of $78.08 and a 200 day simple moving average of $76.99. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.41.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s quarterly revenue was up 63.4% on a year-over-year basis. Sell-side analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.8%. Omnicom Group’s payout ratio is presently 275.86%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.