Alerus Financial NA Sells 515 Shares of Omnicom Group Inc. (NYSE:OMC)

Alerus Financial NA decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,593 shares of the business services provider’s stock after selling 515 shares during the quarter. Alerus Financial NA’s holdings in Omnicom Group were worth $653,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Center For Asset Management LLC boosted its stake in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after acquiring an additional 146 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 147 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after purchasing an additional 161 shares during the period. Convergence Financial LLC raised its stake in shares of Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 165 shares during the period. Finally, Impact Partnership Wealth LLC increased its holdings in shares of Omnicom Group by 2.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after purchasing an additional 182 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on OMC shares. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group lowered their price objective 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. Finally, Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Trading Down 0.7 %

Shares of Omnicom Group stock opened at $80.61 on Friday. The stock has a 50 day moving average of $83.34 and a 200 day moving average of $92.65. 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 fifty-two week low of $78.69 and a fifty-two week high of $107.00. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the firm posted $2.20 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.