Omnicom Group Inc. (NYSE:OMC) Stock Position Lifted by Vest Financial LLC

Vest Financial LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393,490 shares of the business services provider’s stock after buying an additional 114,703 shares during the quarter. Vest Financial LLC’s holdings in Omnicom Group were worth $33,856,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc grew its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Omnicom Group in the 3rd quarter worth about $33,000. HM Payson & Co. raised its stake in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.6 %

Omnicom Group stock opened at $83.76 on Friday. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market capitalization of $16.46 billion, a PE ratio of 11.44, a PEG ratio of 1.89 and a beta of 0.97. The business’s 50-day simple moving average is $88.88 and its 200-day simple moving average is $96.01.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.34%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of research reports. UBS Group increased their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group 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.