Federated Hermes Inc. Sells 1,000 Shares of Omnicom Group Inc. (NYSE:OMC)

Federated Hermes Inc. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 42,788 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Federated Hermes Inc.’s holdings in Omnicom Group were worth $3,681,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. Whittier Trust Co. grew its position in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 323 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $75.56 on Friday. The company has a market cap of $14.85 billion, a P/E ratio of 10.14, a PEG ratio of 1.94 and a beta of 0.87. The business has a 50-day moving average price of $80.50 and a two-hundred day moving average price of $90.38. 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 Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the company posted $2.20 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

Several brokerages recently issued reports on OMC. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.43.

Omnicom Group 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.