NBC Securities Inc. Acquires 23,617 Shares of Omnicom Group Inc. (NYSE:OMC)

NBC Securities Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 147,606.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,633 shares of the business services provider’s stock after purchasing an additional 23,617 shares during the period. NBC Securities Inc.’s holdings in Omnicom Group were worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Robeco Institutional Asset Management B.V. grew its position in Omnicom Group by 13.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider’s stock worth $3,587,000 after acquiring an additional 4,920 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Omnicom Group by 29.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 1,437 shares during the period. Columbus Macro LLC grew its stake in Omnicom Group by 52.7% in the 4th quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider’s stock worth $2,058,000 after acquiring an additional 8,260 shares in the last quarter. Mather Group LLC. grew its stake in Omnicom Group by 14.0% in the fourth quarter. Mather Group LLC. now owns 2,752 shares of the business services provider’s stock worth $237,000 after purchasing an additional 339 shares in the last quarter. Finally, Old North State Wealth Management LLC grew its position in shares of Omnicom Group by 3.0% during the 4th quarter. Old North State Wealth Management LLC now owns 19,962 shares of the business services provider’s stock worth $1,719,000 after buying an additional 580 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

NYSE OMC opened at $70.40 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s fifty day moving average price is $75.29 and its 200 day moving average price is $83.34. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.98%. Omnicom Group’s payout ratio is 38.30%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OMC. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Citigroup reiterated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

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.