QRG Capital Management Inc. Reduces Stake in Omnicom Group Inc.

QRG Capital Management Inc. has reduced its investment in Omnicom Group Inc. (NYSE: OMC) by 27.6%, according to its latest Form 13F filing with the Securities and Exchange Commission. Following this reduction, the institutional investor holds 34,038 shares of the business service provider, which is 12,993 shares less than in the previous quarter. As of the most recent SEC filing, these holdings are valued at approximately $2,929,000.

In addition to QRG Capital Management, several other institutional investors have also adjusted their stakes in Omnicom Group. For instance, Integrated Advisors Network LLC increased its holdings by 3.8% in the third quarter, now owning 2,698 shares valued at $279,000 after acquiring 100 additional shares. Farther Finance Advisors LLC also raised its stake by 2.1%, bringing its total to 4,970 shares worth $514,000 after adding 102 shares during the period. Summit Trail Advisors LLC added to its position by 1.8%, now owning 6,561 shares valued at $683,000, having purchased 113 shares more. Similarly, Metis Global Partners LLC raised its investment by 1.9%, now holding 6,302 shares worth $652,000 after acquiring 120 additional shares. Lastly, Gold Investment Management Ltd. reported a 1.1% increase, now owning 11,223 shares valued at $1,159,000 after adding 127 shares. Overall, institutional investors hold 91.97% of the company's shares.

Recent Trading Performance of Omnicom Group

On Friday, the stock of Omnicom Group (NYSE: OMC) opened at $82.75. Currently, it has a market capitalization of $16.26 billion, a price-to-earnings (P/E) ratio of 11.11, and a P/E growth (P/E/G) ratio of 1.94. Its debt-to-equity ratio stands at 1.27, with a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group has experienced a low of $80.31 and a high of $107.00 over the past year. Its fifty-day simple moving average is at $84.86, while the two-hundred-day simple moving average is $94.83.

Recently, Omnicom Group released its earnings results, reporting earnings of $2.41 per share for the quarter, which exceeded analysts' expectations of $2.38 by $0.03. The company achieved a return on equity of 36.39%, and its net margin stands at 9.44%. Comparatively, it posted earnings of $2.20 per share during the same period last year. Analysts project that Omnicom Group Inc. will achieve earnings of 8.25 per share for the current year.

Dividend Declaration by Omnicom Group

The company has also announced a quarterly dividend payment scheduled for Wednesday, April 9th. Shareholders on record by Tuesday, March 11th, will receive a dividend of $0.70 per share. The ex-dividend date is also Tuesday, March 11th. This results in an annualized dividend of $2.80, yielding 3.38%. Omnicom Group's current dividend payout ratio is 37.58%.

Analyst Projections for Omnicom Group

The Nature of Omnicom Group

Omnicom Group Inc. offers a broad range of services, including advertising, marketing, and corporate communications, through its various subsidiaries. The services provided encompass advertising and media, precision marketing, commerce and branding, experiential services, execution and support, public relations, and healthcare communication.

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