Benjamin F. Edwards & Company Inc. Sells 137 Shares of Omnicom Group Inc. (OMC)

Benjamin F. Edwards & Company Inc. reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 14.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 824 shares of the business services provider’s stock after selling 137 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Omnicom Group were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Wetherby Asset Management Inc. lifted its position in shares of Omnicom Group by 2.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 7,977 shares of the business services provider’s stock worth $584,000 after buying an additional 173 shares during the last quarter. CENTRAL TRUST Co lifted its position in Omnicom Group by 3.2% in the 4th quarter. CENTRAL TRUST Co now owns 7,455 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 234 shares during the last quarter. NuWave Investment Management LLC lifted its position in Omnicom Group by 1,876.5% in the 4th quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 319 shares during the last quarter. Eukles Asset Management bought a new stake in Omnicom Group in the 4th quarter valued at about $29,000. Finally, GWM Advisors LLC lifted its position in Omnicom Group by 15.6% in the 4th quarter. GWM Advisors LLC now owns 3,417 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 461 shares during the last quarter.

OMC has been the topic of several recent research reports. ValuEngine upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Barclays set a $76.00 price objective on shares of Omnicom Group and gave the company a “sell” rating in a research report on Wednesday, October 17th. Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the company a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Friday, January 25th. Finally, Citigroup lifted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.50.

OMC stock opened at $73.49 on Thursday. Omnicom Group Inc. has a 52 week low of $65.85 and a 52 week high of $83.34. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.90 and a beta of 0.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 12th. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm earned $1.55 EPS. Omnicom Group’s revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Omnicom Group Inc. will post 5.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Monday, March 11th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.54%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is 47.06%.

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About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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