Mutual of America Capital Management LLC cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,366 shares of the business services provider’s stock after selling 713 shares during the period. Mutual of America Capital Management LLC’s holdings in Omnicom Group were worth $2,352,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after buying an additional 104 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Omnicom Group in the second quarter worth about $104,000. Acrospire Investment Management LLC acquired a new position in shares of Omnicom Group in the second quarter worth about $149,000. Invictus RG raised its position in shares of Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock worth $170,000 after acquiring an additional 1,812 shares during the period. Finally, FNY Partners Fund LP raised its position in shares of Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock worth $189,000 after acquiring an additional 700 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now directly owns 7,724 shares in the company, valued at $634,835.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

OMC has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $82.00 target price on shares of Omnicom Group in a research note on Thursday, September 21st. BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research note on Wednesday, September 13th. Citigroup Inc. upgraded Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub cut Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $85.92.

Omnicom Group Inc. (NYSE:OMC) opened at 74.07 on Monday. The stock has a market cap of $17.09 billion, a P/E ratio of 14.96 and a beta of 1.28. The stock has a 50 day moving average price of $75.34 and a 200 day moving average price of $81.20. Omnicom Group Inc. has a 52-week low of $71.63 and a 52-week high of $89.66.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post $5.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s payout ratio is currently 44.44%.

Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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

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