QRG Capital Management Inc. Lowers Position in Omnicom Group Inc. (NYSE:OMC)

QRG Capital Management Inc. decreased its stake in Omnicom Group Inc. (NYSE:OMC) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,038 shares of the business services provider’s stock after selling 12,993 shares during the quarter. QRG Capital Management Inc.’s holdings in Omnicom Group were worth $2,929,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OMC. Integrated Advisors Network LLC grew its stake in shares of Omnicom Group by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Omnicom Group by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after buying an additional 102 shares during the period. Summit Trail Advisors LLC increased its position in Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares during the period. Metis Global Partners LLC raised its stake in Omnicom Group by 1.9% in the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after buying an additional 120 shares in the last quarter. Finally, Gold Investment Management Ltd. raised its position in shares of Omnicom Group by 1.1% in the 3rd quarter. Gold Investment Management Ltd. now owns 11,223 shares of the business services provider’s stock worth $1,159,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.2 %

NYSE OMC opened at $82.75 on Friday. The stock has a market cap of $16.26 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The company has a fifty day simple moving average of $84.86 and a two-hundred day simple moving average of $94.83.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 period last year, the business posted $2.20 earnings per share. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.38%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OMC. 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 price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.