First Horizon Advisors Inc. Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

First Horizon Advisors Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 231,285 shares of the business services provider’s stock after buying an additional 8,118 shares during the quarter. First Horizon Advisors Inc.’s holdings in Omnicom Group were worth $19,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of OMC. State Street Corp boosted its position in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. World Investment Advisors LLC increased its holdings in shares of Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after acquiring an additional 374,952 shares during the period. International Assets Investment Management LLC raised its position in Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Omnicom Group during the 3rd quarter worth $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its stake in Omnicom Group by 46.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after purchasing an additional 156,173 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OMC. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Performance

OMC opened at $82.27 on Friday. The stock’s 50 day simple moving average is $85.44 and its 200 day simple moving average is $95.18. The stock has a market cap of $16.16 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the business earned $2.20 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.40%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Omnicom Group Company Profile

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.