Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Argent Trust Co

Argent Trust Co lifted its stake in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,374 shares of the business services provider’s stock after acquiring an additional 2,075 shares during the quarter. Argent Trust Co’s holdings in Omnicom Group were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of OMC. NBC Securities Inc. acquired a new position in Omnicom Group in the third quarter valued at $200,000. Financial Counselors Inc. acquired a new stake in shares of Omnicom Group during the second quarter worth about $260,000. Savant Capital LLC boosted its stake in shares of Omnicom Group by 702.7% during the second quarter. Savant Capital LLC now owns 41,690 shares of the business services provider’s stock worth $3,967,000 after buying an additional 36,496 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Omnicom Group by 36.3% during the second quarter. Osaic Holdings Inc. now owns 243,011 shares of the business services provider’s stock worth $13,848,000 after buying an additional 64,693 shares during the period. Finally, Cozad Asset Management Inc. boosted its stake in shares of Omnicom Group by 0.9% during the second quarter. Cozad Asset Management Inc. now owns 25,176 shares of the business services provider’s stock worth $2,395,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $88.80 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.97 and a quick ratio of 0.84. The stock has a market cap of $17.58 billion, a P/E ratio of 12.91, a P/E/G ratio of 2.39 and a beta of 0.97. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The stock’s 50 day simple moving average is $86.49 and its 200 day simple moving average is $80.89.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, December 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 40.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OMC. UBS Group began coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 target price for the company. Morgan Stanley upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. Macquarie raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $100.00 in a report on Friday, January 5th. Citigroup cut their price target on shares of Omnicom Group from $113.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, October 19th. Finally, Barclays increased their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.44.

View Our Latest Report on OMC

About Omnicom Group

(Free Report)

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 brand consulting, experiential, execution and support, public relations, and healthcare.

Featured Stories

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMCFree Report).

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.