Deutsche Bank AG decreased its position in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601,223 shares of the business services provider’s stock after selling 10,617 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Omnicom Group worth $49,042,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Beacon Financial Group grew its stake in shares of Omnicom Group by 0.7% in the 4th quarter. Beacon Financial Group now owns 17,789 shares of the business services provider’s stock worth $1,451,000 after acquiring an additional 124 shares in the last quarter. MAI Capital Management grew its position in Omnicom Group by 4.2% during the fourth quarter. MAI Capital Management now owns 3,304 shares of the business services provider’s stock valued at $270,000 after buying an additional 132 shares during the period. Profund Advisors LLC grew its position in Omnicom Group by 3.8% during the fourth quarter. Profund Advisors LLC now owns 3,915 shares of the business services provider’s stock valued at $319,000 after buying an additional 143 shares during the period. Community Bank N.A. grew its position in Omnicom Group by 0.4% during the fourth quarter. Community Bank N.A. now owns 42,554 shares of the business services provider’s stock valued at $3,471,000 after buying an additional 150 shares during the period. Finally, Twin Capital Management Inc. grew its position in Omnicom Group by 1.2% during the fourth quarter. Twin Capital Management Inc. now owns 12,429 shares of the business services provider’s stock valued at $1,014,000 after buying an additional 150 shares during the period. Institutional investors own 90.20% of the company’s stock.
Analysts Set New Price Targets
OMC has been the subject of several research reports. Macquarie increased their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Morgan Stanley increased their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. StockNews.com started coverage on shares of Omnicom Group in a research report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $100.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Finally, BNP Paribas upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $96.00 target price for the company in a research report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $99.86.
Omnicom Group Trading Up 0.0 %
Omnicom Group (NYSE:OMC – Get Rating) last announced its earnings results on Tuesday, April 18th. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.38 billion. Omnicom Group had a net margin of 9.57% and a return on equity of 41.72%. Omnicom Group’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 7.41 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 9th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 8th. Omnicom Group’s dividend payout ratio is currently 42.11%.
Insider Activity at Omnicom Group
In related news, CEO John Wren sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $93.84, for a total value of $9,384,000.00. Following the sale, the chief executive officer now directly owns 328,448 shares of the company’s stock, valued at $30,821,560.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Linda Johnson Rice sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $89.75, for a total value of $152,575.00. Following the completion of the sale, the director now directly owns 9,527 shares in the company, valued at approximately $855,048.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Wren sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $93.84, for a total transaction of $9,384,000.00. Following the completion of the sale, the chief executive officer now owns 328,448 shares of the company’s stock, valued at $30,821,560.32. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
About Omnicom Group
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 brand consulting, experiential, execution and support, public relations, and healthcare.
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