Omnicom Group Inc. (NYSE:OMC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,209,630 shares of the business services provider’s stock after selling 1,338,558 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.63% of Omnicom Group worth $276,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. World Investment Advisors LLC boosted its holdings 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 acquiring an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Omnicom Group in the third quarter valued at $713,000. Thrivent Financial for Lutherans boosted its holdings in Omnicom Group by 40.9% in the third 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 position in Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after purchasing an additional 9,774 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after buying an additional 38,022 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $82.25 on Thursday. The firm’s fifty day simple moving average is $84.55 and its two-hundred day simple moving average is $94.53. Omnicom Group Inc. has a 52-week low of $79.57 and a 52-week high of $107.00. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results 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 net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the firm posted $2.20 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. Wells Fargo & Company lowered 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. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped 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 report on Monday, January 27th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.