SOA Wealth Advisors LLC. acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,618 shares of the business services provider’s stock, valued at approximately $105,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Omnicom Group by 36.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 602 shares of the business services provider’s stock worth $38,000 after purchasing an additional 162 shares during the last quarter. Montag A & Associates Inc. increased its position in Omnicom Group by 0.8% during the 4th quarter. Montag A & Associates Inc. now owns 20,416 shares of the business services provider’s stock valued at $1,273,000 after buying an additional 166 shares in the last quarter. GWM Advisors LLC increased its position in Omnicom Group by 2.6% during the 4th quarter. GWM Advisors LLC now owns 6,805 shares of the business services provider’s stock valued at $424,000 after buying an additional 170 shares in the last quarter. Prospera Financial Services Inc increased its position in Omnicom Group by 5.2% during the 4th quarter. Prospera Financial Services Inc now owns 3,753 shares of the business services provider’s stock valued at $234,000 after buying an additional 186 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in Omnicom Group by 0.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 74,164 shares of the business services provider’s stock valued at $3,671,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.
Several research analysts recently issued reports on the company. Smith Barney Citigroup upped their target price on Omnicom Group from $60.00 to $75.00 in a research report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Omnicom Group from $60.00 to $75.00 in a report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.71.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Thursday, February 18th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.90% and a net margin of 7.10%. During the same quarter in the prior year, the business posted $1.89 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 4.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Wednesday, March 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $2.80 dividend on an annualized basis and a yield of 3.61%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.65. Omnicom Group’s dividend payout ratio is currently 46.20%.
Omnicom Group Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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