Lindbrook Capital LLC Boosts Position in Omnicom Group Inc. (NYSE:OMC)

Lindbrook Capital LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,696 shares of the business services provider’s stock after acquiring an additional 501 shares during the quarter. Lindbrook Capital LLC’s holdings in Omnicom Group were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its stake in shares of Omnicom Group by 64.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Omnicom Group by 10.3% during the 3rd quarter. DnB Asset Management AS now owns 47,634 shares of the business services provider’s stock worth $3,548,000 after acquiring an additional 4,436 shares during the period. HB Wealth Management LLC purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $205,000. State of Alaska Department of Revenue raised its position in shares of Omnicom Group by 5.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,979 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Omnicom Group by 14.1% in the 3rd quarter. Avior Wealth Management LLC now owns 12,152 shares of the business services provider’s stock valued at $905,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Macquarie lifted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Trading Up 1.2 %

Shares of NYSE:OMC opened at $93.77 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a market cap of $18.36 billion, a P/E ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.97. The stock’s fifty day moving average price is $91.65 and its 200-day moving average price is $85.64.

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, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the business earned $2.09 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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 announced 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 2.99%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

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.