Omnicom Group Inc. (NYSE:OMC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 96.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,915 shares of the business services provider’s stock after selling 625,629 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Omnicom Group were worth $1,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HHM Wealth Advisors LLC purchased a new position in Omnicom Group in the 4th quarter worth $26,000. Pinnacle Bancorp Inc. increased its holdings in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. First United Bank & Trust purchased a new position in shares of Omnicom Group in the fourth quarter worth about $35,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Omnicom Group during the third quarter worth about $38,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Omnicom Group by 116.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OMC. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, Macquarie raised their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Check Out Our Latest Analysis on Omnicom Group

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the sale, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Stock Performance

NYSE OMC opened at $95.26 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The stock has a 50-day moving average of $94.18 and a 200 day moving average of $88.66. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.21 and a beta of 0.96.

Omnicom Group (NYSE:OMCGet Free Report) last announced its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.94%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Omnicom Group Profile

(Free Report)

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.

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

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