ProVise Management Group LLC Has $8.73 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

ProVise Management Group LLC raised its position in Omnicom Group Inc. (NYSE:OMC) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,511 shares of the business services provider’s stock after acquiring an additional 2,565 shares during the period. ProVise Management Group LLC’s holdings in Omnicom Group were worth $8,734,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OMC. CIBC Asset Management Inc raised its holdings in Omnicom Group by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 33,687 shares of the business services provider’s stock valued at $3,483,000 after acquiring an additional 2,414 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Omnicom Group by 3.3% in the 3rd quarter. Natixis Advisors LLC now owns 157,698 shares of the business services provider’s stock valued at $16,304,000 after purchasing an additional 4,974 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after purchasing an additional 8,643 shares during the period. Pathstone Holdings LLC grew its stake in shares of Omnicom Group by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock valued at $3,662,000 after purchasing an additional 835 shares during the period. Finally, Prospera Financial Services Inc grew its stake in shares of Omnicom Group by 14.9% in the 3rd quarter. Prospera Financial Services Inc now owns 7,050 shares of the business services provider’s stock valued at $729,000 after purchasing an additional 915 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several analyst reports. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. 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 research note on Monday, January 27th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Up 1.5 %

NYSE OMC opened at $81.54 on Wednesday. The firm has a market cap of $16.02 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The stock’s 50 day simple moving average is $83.83 and its 200 day simple moving average is $93.47. 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 released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $2.20 EPS. As a group, sell-side analysts forecast 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 3.43%. 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.