Swiss National Bank Sells 24,000 Shares of Omnicom Group Inc. (NYSE:OMC)

Swiss National Bank lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 617,800 shares of the business services provider’s stock after selling 24,000 shares during the period. Swiss National Bank’s holdings in Omnicom Group were worth $53,446,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new stake in Omnicom Group during the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. increased its position in shares of Omnicom Group by 61.6% during the 4th 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 last quarter. OFI Invest Asset Management purchased a new position in shares of Omnicom Group in the third quarter worth approximately $25,000. Authentikos Wealth Advisory LLC bought a new stake in Omnicom Group during the third quarter valued at approximately $38,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Omnicom Group by 116.2% during 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. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $93.19 on Tuesday. The firm’s fifty day moving average is $93.01 and its two-hundred day moving average is $86.99. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a market cap of $18.25 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping 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 was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 7.81 EPS 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. Investors of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio is presently 37.84%.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays boosted their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.40.

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.