Los Angeles Capital Management LLC Lowers Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Los Angeles Capital Management LLC reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 163,652 shares of the business services provider’s stock after selling 48,342 shares during the quarter. Los Angeles Capital Management LLC owned 0.08% of Omnicom Group worth $14,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC grew its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Omnicom Group in the 3rd quarter valued at approximately $713,000. Thrivent Financial for Lutherans grew its stake in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Assetmark Inc. grew its stake in shares of Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after purchasing an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company decreased their price target 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. Finally, Barclays decreased their price target 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 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 company’s stock. According to data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC stock opened at $83.84 on Wednesday. The stock has a fifty day moving average price of $85.19 and a 200 day moving average price of $95.08. The stock has a market cap of $16.47 billion, a PE ratio of 11.25, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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 the consensus estimate 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 firm earned $2.20 earnings per share. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued 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 3.34%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.