Argonautica Private Wealth Management Inc. Has $284,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Argonautica Private Wealth Management Inc. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 7.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,302 shares of the business services provider’s stock after buying an additional 216 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Omnicom Group were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisor OS LLC raised its position in shares of Omnicom Group by 114.4% in the fourth quarter. Advisor OS LLC now owns 8,559 shares of the business services provider’s stock valued at $736,000 after purchasing an additional 4,567 shares during the period. Denali Advisors LLC boosted its stake in Omnicom Group by 158.1% in the 4th quarter. Denali Advisors LLC now owns 5,714 shares of the business services provider’s stock worth $492,000 after purchasing an additional 3,500 shares in the last quarter. Vaughan David Investments LLC IL lifted its holdings in shares of Omnicom Group by 1.1% during the 4th quarter. Vaughan David Investments LLC IL now owns 446,076 shares of the business services provider’s stock valued at $38,380,000 after buying an additional 4,950 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Omnicom Group by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after buying an additional 156,438 shares during the period. Finally, RWC Asset Management LLP raised its position in shares of Omnicom Group by 4.3% during the fourth quarter. RWC Asset Management LLP now owns 445,704 shares of the business services provider’s stock valued at $38,348,000 after buying an additional 18,497 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.1 %

NYSE:OMC opened at $83.84 on Wednesday. The stock has a 50-day simple moving average of $85.19 and a 200 day simple moving average of $95.08. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00. The company has a market cap of $16.47 billion, a PE ratio of 11.25, a PEG ratio of 1.94 and a beta of 0.97. 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 issued 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 quarter in the previous year, the company posted $2.20 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.34%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

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

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.