SG Americas Securities LLC Decreases Stake in Omnicom Group Inc. (NYSE:OMC)

SG Americas Securities LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 79.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,420 shares of the business services provider’s stock after selling 272,585 shares during the period. SG Americas Securities LLC’s holdings in Omnicom Group were worth $5,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Advisory Alpha LLC grew its holdings in shares of Omnicom Group by 14.5% in the fourth quarter. Advisory Alpha LLC now owns 3,214 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 408 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of Omnicom Group by 8.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 3,235 shares of the business services provider’s stock valued at $280,000 after buying an additional 256 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Omnicom Group by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 67,798 shares of the business services provider’s stock worth $5,881,000 after buying an additional 1,178 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Omnicom Group by 15.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after buying an additional 50,153 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Omnicom Group by 2.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 117,418 shares of the business services provider’s stock valued at $10,103,000 after acquiring an additional 2,756 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $108.63.

Omnicom Group Trading Up 0.5 %

OMC opened at $86.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The business’s 50 day moving average is $91.85 and its two-hundred day moving average is $96.39. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.23%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.