OLD National Bancorp IN Sells 4,946 Shares of Omnicom Group Inc. (NYSE:OMC)

OLD National Bancorp IN trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,075 shares of the business services provider’s stock after selling 4,946 shares during the quarter. OLD National Bancorp IN’s holdings in Omnicom Group were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc grew its position in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group in the 3rd quarter valued at about $33,000. HM Payson & Co. increased its stake in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $86.63 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.90 and a beta of 0.98. The stock has a fifty day moving average price of $90.36 and a 200-day moving average price of $96.19.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is presently 38.25%.

Analysts Set New Price Targets

A number of equities analysts recently commented on OMC shares. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group lifted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. dropped 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 cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, Barclays decreased their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.