First Manhattan Co. lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 925,178 shares of the business services provider’s stock after selling 13,330 shares during the quarter. First Manhattan Co.’s holdings in Omnicom Group were worth $67,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of OMC. Janus Henderson Group PLC boosted its stake in Omnicom Group by 15,279.3% during the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after buying an additional 4,963,787 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Omnicom Group by 12.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after purchasing an additional 1,671,452 shares in the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Omnicom Group by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after purchasing an additional 1,653,208 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $51,393,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Omnicom Group by 115.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,236,008 shares of the business services provider’s stock valued at $102,465,000 after purchasing an additional 662,786 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Omnicom Group Inc. (NYSE OMC) traded down $1.06 during trading on Monday, hitting $74.96. The company had a trading volume of 3,044,400 shares, compared to its average volume of 2,268,761. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $87.43. The company has a market capitalization of $17,280.73, a PE ratio of 14.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 18th. Omnicom Group’s payout ratio is currently 47.81%.

In related news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Several equities research analysts have recently commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research note on Wednesday, October 18th. Royal Bank of Canada reduced their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Morgan Stanley downgraded shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price on the stock. in a research note on Monday, October 16th. Finally, Credit Suisse Group reduced their target price on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Omnicom Group has a consensus rating of “Hold” and an average price target of $83.71.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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

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