Sei Investments Co. Sells 18,391 Shares of Omnicom Group Inc. (NYSE:OMC)

Sei Investments Co. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,373 shares of the business services provider’s stock after selling 18,391 shares during the period. Sei Investments Co. owned about 0.11% of Omnicom Group worth $12,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. Cigna Investments Inc. New raised its stake in shares of Omnicom Group by 14.8% in the 2nd quarter. Cigna Investments Inc. New now owns 6,964 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 900 shares during the period. Private Advisor Group LLC raised its stake in shares of Omnicom Group by 2.2% in the 2nd quarter. Private Advisor Group LLC now owns 27,520 shares of the business services provider’s stock valued at $1,503,000 after purchasing an additional 592 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Omnicom Group in the 2nd quarter valued at about $474,000. Canada Pension Plan Investment Board raised its stake in Omnicom Group by 23,211.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 17,950 shares of the business services provider’s stock valued at $980,000 after acquiring an additional 17,873 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Omnicom Group by 1,712.1% in the second quarter. Cubist Systematic Strategies LLC now owns 126,542 shares of the business services provider’s stock worth $6,909,000 after purchasing an additional 119,559 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Shares of NYSE OMC opened at $54.23 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a 50 day moving average price of $53.89 and a 200 day moving average price of $55.37. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.63 and a beta of 0.66. Omnicom Group Inc. has a 52-week low of $46.37 and a 52-week high of $82.73.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Omnicom Group had a net margin of 6.72% and a return on equity of 38.27%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s revenue for the quarter was down 24.7% on a year-over-year basis. Analysts forecast that Omnicom Group Inc. will post 4.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 12th. Investors of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 4.79%. Omnicom Group’s dividend payout ratio (DPR) is 42.90%.

A number of research analysts recently issued reports on OMC shares. Evercore ISI initiated coverage on shares of Omnicom Group in a research note on Tuesday, September 8th. They issued an “underperform” rating on the stock. Wolfe Research assumed coverage on Omnicom Group in a report on Thursday, July 23rd. They issued a “market perform” rating and a $60.00 price target on the stock. Finally, Standpoint Research began coverage on Omnicom Group in a research report on Tuesday, September 8th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.63.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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

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