Cerity Partners LLC Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Cerity Partners LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,421 shares of the business services provider’s stock after buying an additional 1,397 shares during the quarter. Cerity Partners LLC’s holdings in Omnicom Group were worth $988,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC grew its holdings in Omnicom Group by 1,805.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. KB Financial Partners LLC grew its holdings in Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after buying an additional 305 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Omnicom Group in the 3rd quarter valued at $25,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Omnicom Group during the 2nd quarter worth $45,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC opened at $92.62 on Monday. The stock’s 50-day moving average price is $91.51 and its 200 day moving average price is $85.49. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.17 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group assumed coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target for the company. Barclays increased their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.