Redwood Investment Management LLC Reduces Holdings in Omnicom Group Inc. (NYSE:OMC)

Redwood Investment Management LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 46.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,290 shares of the business services provider’s stock after selling 16,456 shares during the quarter. Redwood Investment Management LLC’s holdings in Omnicom Group were worth $1,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in shares of Omnicom Group by 12.4% in the fourth quarter. ProShare Advisors LLC now owns 40,774 shares of the business services provider’s stock worth $3,508,000 after acquiring an additional 4,484 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Omnicom Group by 51.1% during the 4th quarter. Quantinno Capital Management LP now owns 32,168 shares of the business services provider’s stock worth $2,768,000 after purchasing an additional 10,882 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $248,000. Man Group plc boosted its stake in shares of Omnicom Group by 977.2% during the 4th quarter. Man Group plc now owns 49,822 shares of the business services provider’s stock valued at $4,287,000 after buying an additional 45,197 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Omnicom Group during the 4th quarter valued at approximately $553,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 0.4%

Shares of NYSE:OMC opened at $76.30 on Friday. The company’s fifty day moving average is $76.89 and its two-hundred day moving average is $85.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.67%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays dropped their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Citigroup reissued a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Company 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.