Quadcap Wealth Management LLC Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Quadcap Wealth Management LLC reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,439 shares of the business services provider’s stock after selling 500 shares during the period. Quadcap Wealth Management LLC’s holdings in Omnicom Group were worth $726,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in OMC. Center For Asset Management LLC increased its position in Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after buying an additional 146 shares during the period. Smartleaf Asset Management LLC increased its position in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares during the period. MGO One Seven LLC increased its position in Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after buying an additional 157 shares during the period. Geneos Wealth Management Inc. increased its position in Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after buying an additional 161 shares during the period. Finally, Convergence Financial LLC increased its position in Omnicom Group by 6.5% in the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after buying an additional 165 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.4%

NYSE OMC opened at $76.30 on Friday. The stock has a 50-day simple moving average of $76.89 and a 200 day simple moving average of $85.98. The company has a market capitalization of $14.89 billion, a PE ratio of 10.24, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s dividend payout ratio is currently 38.30%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMC. Citigroup restated a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Barclays decreased their price target on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

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.