Hotchkis & Wiley Capital Management LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 566,732 shares of the business services provider’s stock after selling 2,700 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.25% of Omnicom Group worth $46,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cleararc Capital Inc. increased its stake in Omnicom Group by 0.3% during the 1st quarter. Cleararc Capital Inc. now owns 5,744 shares of the business services provider’s stock worth $495,000 after buying an additional 19 shares during the period. RMB Capital Management LLC increased its stake in Omnicom Group by 0.9% during the 1st quarter. RMB Capital Management LLC now owns 2,427 shares of the business services provider’s stock worth $209,000 after buying an additional 21 shares during the period. Sawtooth Solutions LLC increased its stake in Omnicom Group by 0.4% during the 1st quarter. Sawtooth Solutions LLC now owns 8,961 shares of the business services provider’s stock worth $773,000 after buying an additional 33 shares during the period. Pennsylvania Trust Co increased its stake in Omnicom Group by 1.1% during the 2nd quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock worth $381,000 after buying an additional 50 shares during the period. Finally, Financial Counselors Inc. increased its stake in Omnicom Group by 1.5% during the 2nd quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock worth $309,000 after buying an additional 54 shares during the period. 98.71% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Omnicom Group Inc. (NYSE OMC) traded down 0.34% on Friday, hitting $73.04. 2,918,201 shares of the stock traded hands. The firm has a market cap of $16.85 billion, a P/E ratio of 14.75 and a beta of 1.27. Omnicom Group Inc. has a 12-month low of $71.63 and a 12-month high of $89.66. The firm’s 50-day moving average is $75.69 and its 200 day moving average is $81.45.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.02. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post $5.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.01%. Omnicom Group’s dividend payout ratio is currently 44.44%.

OMC has been the topic of several recent research reports. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Wells Fargo & Company reaffirmed a “hold” rating and set a $84.00 target price on shares of Omnicom Group in a research note on Tuesday, July 18th. Credit Suisse Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $81.00) on shares of Omnicom Group in a research note on Friday, July 14th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Citigroup Inc. upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $85.92.

In other news, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at $3,493,576.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Johnson Rice sold 483 shares of Omnicom Group stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now owns 7,724 shares in the company, valued at approximately $634,835.56. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Omnicom Group

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.

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

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