Omnicom Group Inc. (NYSE:OMC) Shares Sold by American International Group Inc.

American International Group Inc. reduced its position in Omnicom Group Inc. (NYSE:OMC) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,898 shares of the business services provider’s stock after selling 378 shares during the quarter. American International Group Inc.’s holdings in Omnicom Group were worth $4,490,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. boosted its position in shares of Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Omnicom Group during the 4th quarter worth $35,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Omnicom Group by 47.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock worth $37,000 after purchasing an additional 139 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

NYSE:OMC opened at $90.47 on Friday. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. 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’s 50-day moving average is $93.06 and its two-hundred day moving average is $90.60. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. Research analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.09%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OMC shares. Moffett Nathanson boosted their target price on shares of 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 upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Macquarie boosted their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

About Omnicom Group

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.