River Global Investors LLP Has $1.88 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

River Global Investors LLP lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,722 shares of the business services provider’s stock after selling 859 shares during the period. River Global Investors LLP’s holdings in Omnicom Group were worth $1,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in Omnicom Group by 1.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 87,056 shares of the business services provider’s stock valued at $6,484,000 after buying an additional 1,258 shares during the last quarter. Xponance Inc. grew its position in Omnicom Group by 8.1% during the third quarter. Xponance Inc. now owns 27,852 shares of the business services provider’s stock valued at $2,074,000 after buying an additional 2,081 shares during the period. Forsta AP Fonden raised its position in Omnicom Group by 11.0% in the third quarter. Forsta AP Fonden now owns 53,600 shares of the business services provider’s stock worth $3,992,000 after acquiring an additional 5,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Omnicom Group by 176.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,409 shares of the business services provider’s stock worth $6,883,000 after purchasing an additional 58,958 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Omnicom Group by 6.9% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 5,631 shares of the business services provider’s stock worth $419,000 after purchasing an additional 365 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded up $0.12 on Friday, hitting $92.75. 1,436,571 shares of the company traded hands, compared to its average volume of 1,716,013. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The company has a market cap of $18.16 billion, a P/E ratio of 12.53, a P/E/G ratio of 2.18 and a beta of 0.96. The firm’s 50-day simple moving average is $92.93 and its 200 day simple moving average is $86.86.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. Analysts expect that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction 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.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Moffett Nathanson boosted their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $103.40.

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.