Freestone Capital Holdings LLC Sells 342 Shares of Omnicom Group Inc. (NYSE:OMC)

Freestone Capital Holdings LLC lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,583 shares of the business services provider’s stock after selling 342 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Omnicom Group were worth $825,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OMC. Raymond James Financial Inc. bought a new stake in Omnicom Group during the fourth quarter worth $79,321,000. State Street Corp grew its stake in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. World Investment Advisors LLC grew its stake in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the period. Arvest Bank Trust Division bought a new position in Omnicom Group in the 3rd quarter valued at $21,191,000. Finally, Bank of New York Mellon Corp grew its stake in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after purchasing an additional 156,438 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.4 %

OMC stock opened at $82.54 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $107.00. The stock has a fifty day moving average of $84.45 and a 200-day moving average of $94.45.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 quarter in the previous year, the business posted $2.20 EPS. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.39%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on OMC. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price 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.