Chevy Chase Trust Holdings LLC Has $9.72 Million Position in Omnicom Group Inc. (NYSE:OMC)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,909 shares of the business services provider’s stock after selling 2,533 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Omnicom Group were worth $9,715,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new position in shares of Omnicom Group during the 4th quarter valued at about $366,000. Asset Management One Co. Ltd. lifted its holdings in shares of Omnicom Group by 1.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 73,809 shares of the business services provider’s stock valued at $6,384,000 after purchasing an additional 835 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of Omnicom Group by 19.7% during the 4th quarter. Avestar Capital LLC now owns 2,596 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 427 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Omnicom Group by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider’s stock valued at $8,549,000 after purchasing an additional 9,590 shares in the last quarter. Finally, Edmp Inc. lifted its holdings in shares of Omnicom Group by 20.2% during the 4th quarter. Edmp Inc. now owns 8,139 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 1,366 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.4 %

NYSE:OMC opened at $82.28 on Monday. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The stock’s 50 day moving average price is $86.29 and its two-hundred day moving average price is $95.54. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the firm posted $2.20 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analyst Ratings Changes

OMC has been the topic of several recent analyst reports. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Company 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.