Franklin Street Advisors Inc. NC Invests $201,000 in Omnicom Group Inc. (NYSE:OMC)

Franklin Street Advisors Inc. NC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,320 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Planned Solutions Inc. bought a new position in shares of Omnicom Group in the 4th quarter worth $95,000. IFG Advisory LLC boosted its holdings in Omnicom Group by 1.7% during the fourth quarter. IFG Advisory LLC now owns 46,494 shares of the business services provider’s stock worth $4,022,000 after buying an additional 781 shares during the last quarter. Schechter Investment Advisors LLC grew its position in shares of Omnicom Group by 82.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,534 shares of the business services provider’s stock worth $652,000 after buying an additional 3,414 shares during the period. Tectonic Advisors LLC increased its stake in shares of Omnicom Group by 6.2% in the 4th quarter. Tectonic Advisors LLC now owns 3,886 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 227 shares during the last quarter. Finally, Meyer Handelman Co. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $3,511,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OMC shares. Morgan Stanley upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $90.00 to $100.00 in a report on Friday, December 15th. Macquarie upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $80.00 to $100.00 in a research report on Friday, January 5th. Barclays lifted their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Wells Fargo & Company boosted their target price on Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Insider Activity

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

Omnicom Group Stock Up 1.7 %

NYSE:OMC opened at $96.76 on Friday. The company has a market cap of $19.16 billion, a PE ratio of 13.98, a PEG ratio of 2.28 and a beta of 0.96. The stock has a 50-day simple moving average of $90.06 and a 200 day simple moving average of $83.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. On average, sell-side analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. Omnicom Group’s dividend payout ratio is 40.46%.

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.