Ontario Teachers Pension Plan Board Sells 525 Shares of Omnicom Group Inc. (NYSE:OMC)

Ontario Teachers Pension Plan Board lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,690 shares of the business services provider’s stock after selling 525 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Omnicom Group were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Guggenheim Capital LLC grew its stake in Omnicom Group by 5.3% in the 4th quarter. Guggenheim Capital LLC now owns 50,622 shares of the business services provider’s stock valued at $4,356,000 after buying an additional 2,569 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of Omnicom Group in the fourth quarter valued at $303,000. XTX Topco Ltd bought a new stake in shares of Omnicom Group during the 4th quarter valued at $1,433,000. Barclays PLC raised its stake in shares of Omnicom Group by 1.2% during the 4th quarter. Barclays PLC now owns 829,168 shares of the business services provider’s stock valued at $71,338,000 after purchasing an additional 9,555 shares during the period. Finally, SageView Advisory Group LLC bought a new position in Omnicom Group in the 4th quarter worth about $287,000. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several analyst reports. Citigroup reiterated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Barclays reduced their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Trading Up 2.7 %

Shares of OMC stock opened at $73.16 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $14.38 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The business has a 50-day moving average price of $79.76 and a two-hundred day moving average price of $89.68. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Omnicom Group Company 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.