Arvest Bank Trust Division Has $17.29 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Arvest Bank Trust Division decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 200,931 shares of the business services provider’s stock after selling 4,034 shares during the period. Omnicom Group comprises about 1.0% of Arvest Bank Trust Division’s portfolio, making the stock its 28th biggest holding. Arvest Bank Trust Division’s holdings in Omnicom Group were worth $17,288,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its holdings in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Omnicom Group during the 3rd quarter worth $498,000. Sanctuary Advisors LLC grew its stake in Omnicom Group by 33.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,551 shares of the business services provider’s stock valued at $1,797,000 after buying an additional 4,423 shares during the last quarter. World Investment Advisors LLC raised its holdings in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after acquiring an additional 17,815 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Omnicom Group during the 3rd quarter worth $740,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $71.35 on Thursday. The company has a fifty day moving average price of $79.94 and a 200 day moving average price of $89.89. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The firm has a market cap of $14.02 billion, a PE ratio of 9.58, a PEG ratio of 1.94 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

OMC has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group decreased their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Barclays decreased their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.88.

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.