RWC Asset Management LLP Reduces Stock Position in Omnicom Group Inc. (NYSE:OMC)

RWC Asset Management LLP trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 454,911 shares of the business services provider’s stock after selling 26,008 shares during the period. Omnicom Group makes up approximately 2.4% of RWC Asset Management LLP’s investment portfolio, making the stock its 14th largest position. RWC Asset Management LLP’s holdings in Omnicom Group were worth $39,354,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Omnicom Group by 5.1% during the third quarter. State of Alaska Department of Revenue now owns 25,979 shares of the business services provider’s stock valued at $1,934,000 after buying an additional 1,260 shares during the period. Czech National Bank boosted its stake in shares of Omnicom Group by 46.2% during the 3rd quarter. Czech National Bank now owns 34,532 shares of the business services provider’s stock worth $2,572,000 after acquiring an additional 10,913 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Omnicom Group by 31.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,531 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 2,023 shares during the period. TFG Advisers LLC boosted its stake in Omnicom Group by 31.9% during the 3rd quarter. TFG Advisers LLC now owns 9,957 shares of the business services provider’s stock valued at $742,000 after purchasing an additional 2,407 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Omnicom Group by 22.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 20,952 shares of the business services provider’s stock valued at $1,561,000 after acquiring an additional 3,831 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OMC shares. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Stock Down 0.8 %

NYSE OMC traded down $0.82 during trading hours on Friday, hitting $95.89. The company’s stock had a trading volume of 1,723,247 shares, compared to its average volume of 1,566,362. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company’s 50-day simple moving average is $92.40 and its two-hundred day simple moving average is $86.07. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $18.78 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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.