Union Bankshares Corp trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 7.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,107 shares of the business services provider’s stock after selling 2,768 shares during the period. Union Bankshares Corp’s holdings in Omnicom Group were worth $2,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMC. NuWave Investment Management LLC grew its stake in shares of Omnicom Group by 1,876.5% in the 4th quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock worth $25,000 after buying an additional 319 shares in the last quarter. Sontag Advisory LLC purchased a new position in shares of Omnicom Group in the 4th quarter worth $28,000. Eukles Asset Management purchased a new position in shares of Omnicom Group in the 4th quarter worth $29,000. Capital Financial Planning LLC purchased a new position in shares of Omnicom Group in the 4th quarter worth $30,000. Finally, JOYN Advisors Inc. grew its stake in shares of Omnicom Group by 47.2% in the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares in the last quarter.

In related news, Director Leonard S. Coleman, Jr. sold 2,556 shares of Omnicom Group stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $75.25, for a total transaction of $192,339.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Johnson Rice sold 495 shares of Omnicom Group stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $74.79, for a total transaction of $37,021.05. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of equities analysts have commented on OMC shares. BMO Capital Markets dropped their price objective on shares of Omnicom Group from $84.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the stock a “hold” rating in a research note on Thursday, February 14th. Citigroup lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Omnicom Group has an average rating of “Hold” and a consensus price target of $75.60.

Shares of OMC stock traded up $0.04 during trading hours on Wednesday, reaching $75.02. 44,670 shares of the stock were exchanged, compared to its average volume of 1,897,793. Omnicom Group Inc. has a 12-month low of $65.85 and a 12-month high of $78.75. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.41. The stock has a market cap of $16.85 billion, a PE ratio of 13.06, a P/E/G ratio of 2.72 and a beta of 0.68.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 12th. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. Omnicom Group had a net margin of 8.67% and a return on equity of 43.14%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.55 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Omnicom Group Inc. will post 5.86 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 11th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, March 8th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.47%. Omnicom Group’s payout ratio is currently 45.22%.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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

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