Citizens Financial Group Inc. RI Has $336,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Citizens Financial Group Inc. RI decreased its position in Omnicom Group Inc. (NYSE:OMC) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,909 shares of the business services provider’s stock after selling 716 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Omnicom Group were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Morton Community Bank lifted its position in Omnicom Group by 1.5% during the fourth quarter. Morton Community Bank now owns 40,053 shares of the business services provider’s stock worth $3,446,000 after purchasing an additional 585 shares during the period. Independent Advisor Alliance acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $240,000. Meriwether Wealth & Planning LLC acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $470,000. Daiwa Securities Group Inc. lifted its holdings in shares of Omnicom Group by 11.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 28,861 shares of the business services provider’s stock worth $2,483,000 after acquiring an additional 3,036 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Omnicom Group by 9.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 381,675 shares of the business services provider’s stock worth $32,839,000 after acquiring an additional 32,601 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE:OMC opened at $79.40 on Friday. The stock’s 50-day moving average is $84.08 and its 200-day moving average is $93.93. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15.60 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 in the prior year, the business earned $2.20 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.53%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Omnicom Group 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.