Greenleaf Trust Has $1.65 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Greenleaf Trust grew its position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,210 shares of the business services provider’s stock after buying an additional 179 shares during the period. Greenleaf Trust’s holdings in Omnicom Group were worth $1,654,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Omnicom Group in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in Omnicom Group by 141.3% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. KB Financial Partners LLC raised its stake in Omnicom Group by 1,326.1% during the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after acquiring an additional 305 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in Omnicom Group by 1,805.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. Finally, Alaska Permanent Fund Corp acquired a new position in Omnicom Group during the second quarter worth about $38,000. Institutional investors own 92.71% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $86.45 on Tuesday. The business’s 50 day simple moving average is $87.07 and its 200 day simple moving average is $81.02. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The stock has a market capitalization of $17.12 billion, a PE ratio of 12.49, a PEG ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly 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 return on equity of 39.07% and a net margin of 9.47%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that Omnicom Group Inc. will post 7.71 earnings per share for the current year.

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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, December 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 40.46%.

Wall Street Analyst Weigh In

Several research analysts have commented on OMC shares. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. UBS Group started coverage on Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Barclays boosted 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. Finally, Citigroup reduced their price target on Omnicom Group from $113.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $99.22.

Read Our Latest Stock Report on Omnicom Group

Omnicom Group Profile

(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.

Further Reading

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

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