Janney Montgomery Scott LLC Trims Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Janney Montgomery Scott LLC decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,064 shares of the business services provider’s stock after selling 147 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Omnicom Group were worth $1,812,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Barclays PLC increased its holdings in shares of Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after purchasing an additional 13,637 shares during the period. Bank of Montreal Can raised its stake in shares of Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after purchasing an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after purchasing an additional 97,661 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $86.63 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The business has a fifty day moving average of $90.36 and a 200-day moving average of $96.20.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $108.25.

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.