First Financial Bank Trust Division Sells 410 Shares of Omnicom Group Inc. (NYSE:OMC)

First Financial Bank Trust Division trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 2.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,482 shares of the business services provider’s stock after selling 410 shares during the quarter. First Financial Bank Trust Division’s holdings in Omnicom Group were worth $1,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OMC. Janney Montgomery Scott LLC boosted its holdings in shares of Omnicom Group by 11.4% in the third quarter. Janney Montgomery Scott LLC now owns 9,998 shares of the business services provider’s stock valued at $745,000 after buying an additional 1,020 shares during the period. Aviva PLC lifted its stake in Omnicom Group by 406.1% in the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after acquiring an additional 101,348 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Omnicom Group by 4.7% in the third quarter. Kestra Advisory Services LLC now owns 9,163 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 410 shares during the period. WCG Wealth Advisors LLC raised its position in shares of Omnicom Group by 5.8% in the third quarter. WCG Wealth Advisors LLC now owns 14,599 shares of the business services provider’s stock valued at $1,103,000 after purchasing an additional 806 shares during the period. Finally, Rafferty Asset Management LLC raised its position in shares of Omnicom Group by 9.8% in the third quarter. Rafferty Asset Management LLC now owns 14,718 shares of the business services provider’s stock valued at $1,096,000 after purchasing an additional 1,310 shares during the period. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. Macquarie raised their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Finally, Moffett Nathanson raised their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $104.40.

Check Out Our Latest Stock Report on Omnicom Group

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Omnicom Group Stock Performance

OMC traded up $0.73 during trading on Tuesday, hitting $90.81. 327,081 shares of the company traded hands, compared to its average volume of 1,559,872. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The firm has a market cap of $17.78 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The stock’s fifty day moving average is $93.19 and its 200 day moving average is $90.42.

Omnicom Group (NYSE:OMCGet Free Report) last issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. As a group, equities analysts predict that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio is currently 37.84%.

About Omnicom Group

(Free Report)

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.

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

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