Municipal Employees Retirement System of Michigan lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,960 shares of the business services provider’s stock after selling 1,570 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Omnicom Group were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OMC. Security National Bank of Sioux City Iowa IA raised its holdings in shares of Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the last quarter. Financial Counselors Inc. raised its holdings in shares of Omnicom Group by 1.5% in the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the last quarter. WMS Partners LLC raised its holdings in shares of Omnicom Group by 1.2% in the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares during the last quarter. Security National Bank of SO Dak raised its holdings in shares of Omnicom Group by 1.0% in the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

A number of research firms have recently issued reports on OMC. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday, September 13th. Citigroup upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Jefferies Group reiterated a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a report on Thursday, September 21st. Finally, Royal Bank Of Canada lowered their price objective on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $84.00.

Shares of Omnicom Group Inc. (NYSE OMC) traded down $0.84 on Thursday, reaching $74.47. 2,495,500 shares of the company were exchanged, compared to its average volume of 1,932,635. The firm has a market capitalization of $17,361.42, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $89.66. 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 (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. analysts predict that Omnicom Group Inc. will post 5.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be issued a $0.60 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s payout ratio is currently 43.82%.

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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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