Omnicom Group Inc. (NYSE:OMC) Stock Holdings Reduced by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 20.0% in the fourth quarter, Holdings Channel reports. The firm owned 112,400 shares of the business services provider’s stock after selling 28,139 shares during the period. Prudential Financial Inc.’s holdings in Omnicom Group were worth $10,520,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Center For Asset Management LLC raised its position in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 146 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 147 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 161 shares during the last quarter. Convergence Financial LLC boosted its holdings in Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after purchasing an additional 165 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its position in Omnicom Group by 2.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after buying an additional 182 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.5 %

OMC opened at $80.24 on Friday. The company has a market capitalization of $15.77 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm’s fifty day moving average price is $83.24 and its two-hundred day moving average price is $92.52. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OMC shares. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note 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 report on Tuesday, December 10th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.