Larson Financial Group LLC Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Larson Financial Group LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,684 shares of the business services provider’s stock after buying an additional 523 shares during the quarter. Larson Financial Group LLC’s holdings in Omnicom Group were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC raised its position in Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Omnicom Group by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after buying an additional 120 shares during the period. Sompo Asset Management Co. Ltd. raised its holdings in shares of Omnicom Group by 3.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 130 shares in the last quarter. Center For Asset Management LLC lifted its stake in Omnicom Group by 3.3% in the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after acquiring an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after acquiring an additional 147 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 2.8 %

Shares of NYSE:OMC opened at $84.90 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $84.42 and a two-hundred day simple moving average of $94.33. Omnicom Group Inc. has a 12-month low of $79.57 and a 12-month high of $107.00. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 firm posted $2.20 earnings per share. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

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

About Omnicom Group

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.