Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Twin City Private Wealth LLC

Twin City Private Wealth LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,510 shares of the business services provider’s stock after buying an additional 1,008 shares during the quarter. Omnicom Group accounts for about 1.5% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 25th biggest holding. Twin City Private Wealth LLC’s holdings in Omnicom Group were worth $1,692,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Whittier Trust Co. raised its holdings in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Omnicom Group during the third quarter worth $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on 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 reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $81.03 on Monday. The company has a market cap of $15.92 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The business has a fifty day simple moving average of $83.69 and a 200-day simple moving average of $93.08.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company earned $2.20 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

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.