Boston Financial Mangement LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,700 shares of the business services provider’s stock after selling 990 shares during the quarter. Boston Financial Mangement LLC’s holdings in Omnicom Group were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $104,000. Eagle Ridge Investment Management acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $201,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $205,000. Cable Hill Partners LLC increased its stake in shares of Omnicom Group by 3,527.5% in the third quarter. Cable Hill Partners LLC now owns 2,902 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 2,822 shares during the period. Finally, Oak Point Wealth Management acquired a new position in shares of Omnicom Group during the fourth quarter valued at approximately $219,000. Institutional investors own 98.62% of the company’s stock.

OMC has been the topic of a number of research analyst reports. Morgan Stanley lowered shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective on the stock. in a research note on Monday, October 16th. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Credit Suisse Group lowered their price objective on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Macquarie lowered shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.64.

In related news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at $75.38 on Thursday. The firm has a market cap of $16,803.53, a P/E ratio of 15.02, a P/E/G ratio of 2.37 and a beta of 1.20. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $86.71. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.18%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 18th. Omnicom Group’s dividend payout ratio (DPR) is presently 47.81%.

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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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