Commonwealth Equity Services LLC Increases Holdings in Omnicom Group Inc. (NYSE:OMC)

Commonwealth Equity Services LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 104,075 shares of the business services provider’s stock after purchasing an additional 6,285 shares during the period. Commonwealth Equity Services LLC’s holdings in Omnicom Group were worth $8,955,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc increased its holdings in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Omnicom Group in the third quarter worth $55,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

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

Omnicom Group Trading Up 0.0 %

Shares of OMC opened at $81.46 on Thursday. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.94 and a beta of 0.98. The firm has a 50 day moving average price of $83.78 and a 200-day moving average price of $93.39. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Omnicom Group 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.