Omnicom Group Inc. (NYSE:OMC) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,919 shares of the business services provider’s stock after selling 7,178 shares during the quarter. Amalgamated Bank’s holdings in Omnicom Group were worth $4,924,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Omnicom Group by 1.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 87,056 shares of the business services provider’s stock worth $6,484,000 after buying an additional 1,258 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Omnicom Group by 176.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,409 shares of the business services provider’s stock valued at $6,883,000 after acquiring an additional 58,958 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Omnicom Group by 3.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 38,862 shares of the business services provider’s stock worth $2,894,000 after purchasing an additional 1,423 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Omnicom Group during the 3rd quarter worth $452,000. Finally, TIAA Trust National Association purchased a new position in shares of Omnicom Group in the 3rd quarter valued at about $260,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OMC shares. 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 report on Thursday, March 28th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Tuesday. Moffett Nathanson upped their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

Omnicom Group stock opened at $94.72 on Wednesday. The firm’s 50-day moving average is $93.12 and its two-hundred day moving average is $87.14. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market capitalization of $18.55 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.18 and a beta of 0.96. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

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

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s dividend payout ratio is currently 37.84%.

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.