Janney Montgomery Scott LLC Sells 1,861 Shares of Omnicom Group Inc. (OMC)

Janney Montgomery Scott LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 9.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,211 shares of the business services provider’s stock after selling 1,861 shares during the period. Janney Montgomery Scott LLC’s holdings in Omnicom Group were worth $1,349,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OMC. Dupont Capital Management Corp purchased a new stake in Omnicom Group during the second quarter valued at about $104,000. Legal & General Group Plc grew its stake in shares of Omnicom Group by 6.3% during the second quarter. Legal & General Group Plc now owns 1,266,537 shares of the business services provider’s stock valued at $104,991,000 after buying an additional 74,806 shares during the last quarter. GAM Holding AG grew its stake in shares of Omnicom Group by 10.4% during the second quarter. GAM Holding AG now owns 17,723 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 1,675 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Omnicom Group by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 678,481 shares of the business services provider’s stock valued at $56,246,000 after buying an additional 10,343 shares during the last quarter. Finally, Twin Capital Management Inc. grew its stake in shares of Omnicom Group by 18.1% during the second quarter. Twin Capital Management Inc. now owns 54,250 shares of the business services provider’s stock valued at $4,497,000 after buying an additional 8,320 shares during the last quarter. Institutional investors own 98.58% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Macquarie cut Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research note on Tuesday, January 2nd. TheStreet cut Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Credit Suisse Group lifted their price objective on Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

In related news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the transaction, the director now directly owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Shares of Omnicom Group Inc. (NYSE OMC) traded up $1.60 during midday trading on Friday, reaching $75.92. 2,678,738 shares of the company were exchanged, compared to its average volume of 2,280,689. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $87.43. The stock has a market cap of $17,500.00, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.92 and a beta of 1.23.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. equities research analysts predict that Omnicom Group Inc. will post 5.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were given a dividend of $0.60 per share. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.16%. Omnicom Group’s payout ratio is presently 47.81%.

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Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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