Amalgamated Bank Sells 922 Shares of Omnicom Group Inc. (NYSE:OMC)

Amalgamated Bank trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,000 shares of the business services provider’s stock after selling 922 shares during the period. Amalgamated Bank’s holdings in Omnicom Group were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC grew its stake in shares of Omnicom Group by 0.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 40,068 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 141 shares during the last quarter. JOYN Advisors Inc. boosted its position in Omnicom Group by 47.2% during the fourth quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Omnicom Group by 16.4% during the fourth quarter. Archford Capital Strategies LLC now owns 1,202 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 169 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of Omnicom Group by 2.2% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,977 shares of the business services provider’s stock valued at $584,000 after purchasing an additional 173 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Omnicom Group by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,934 shares of the business services provider’s stock valued at $728,000 after purchasing an additional 175 shares during the period.

Omnicom Group stock traded down $1.50 during trading hours on Friday, reaching $82.30. The stock had a trading volume of 3,979,819 shares, compared to its average volume of 2,054,603. The firm has a market cap of $18.12 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.96 and a beta of 0.68. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. Omnicom Group Inc. has a 52 week low of $65.85 and a 52 week high of $84.35.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.09. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.51 billion. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, sell-side analysts expect that Omnicom Group Inc. will post 5.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 11th were given a dividend of $0.65 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

OMC has been the topic of several recent analyst reports. BMO Capital Markets lowered their target price on shares of Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 13th. Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the company a “hold” rating in a research report on Thursday, February 14th. Citigroup raised their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Barclays upgraded shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $76.00 to $84.00 in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $76.90.

In related news, Director Linda Johnson Rice sold 495 shares of Omnicom Group stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $74.79, for a total transaction of $37,021.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,556 shares of Omnicom Group stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $75.25, for a total transaction of $192,339.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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

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