1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC trimmed its position in Omnicom Group Inc. ( NYSE:OMC – Free Report ) by 80.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 5,160 shares of the business services provider’s stock after selling 20,582 shares during the period. Orion Portfolio Solutions LLC’s holdings in Omnicom Group were worth $444,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company.
ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter worth $25,000.
Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares in the last quarter.
Venturi Wealth Management LLC boosted its stake in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the last quarter.
Whittier Trust Co. grew its holdings in shares of Omnicom Group by 194.6% in the 4th quarter.
Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co.
of Vermont increased its position in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co.
of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.
Omnicom Group Price Performance Shares of OMC opened at $70.29 on Wednesday. The company’s 50-day moving average is $81.
41 and its 200-day moving average is $91.02. The company has a debt-to-equity ratio of 1.
27, a current ratio of 1.00 and a quick ratio of 0.90.
The firm has a market capitalization of $13.82 billion, a PE ratio of 9.43, a PEG ratio of 1.
94 and a beta of 0.87. Omnicom Group Inc.
has a fifty-two week low of $69.58 and a fifty-two week high of $107.00.
Omnicom Group Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share.
The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.
98%. Omnicom Group’s payout ratio is currently 37.58%.
Analyst Ratings Changes Several brokerages recently commented on OMC. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.
00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co.
lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th.
Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th.
Finally, Barclays decreased their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th.
One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $104.
43. Check Out Our Latest Analysis on OMC Omnicom Group Profile ( Free Report ) 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.
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