Kentucky Retirement Systems Sells 185 Shares of Omnicom Group Inc. (NYSE:OMC)

Kentucky Retirement Systems lessened its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,445 shares of the business services provider’s stock after selling 185 shares during the period. Kentucky Retirement Systems’ holdings in Omnicom Group were worth $1,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. World Investment Advisors LLC boosted its position in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after buying an additional 374,952 shares during the period. International Assets Investment Management LLC increased its position in Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after acquiring an additional 213,962 shares during the period. Arvest Bank Trust Division bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after acquiring an additional 156,173 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Performance

OMC opened at $82.27 on Monday. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. The company’s fifty day moving average price is $85.44 and its two-hundred day moving average price is $95.22. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the firm earned $2.20 earnings per share. On average, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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 branding, experiential, execution and support, public relations, and healthcare.