FSB Premier Wealth Management Inc. Buys 866 Shares of Omnicom Group Inc. (NYSE:OMC)

FSB Premier Wealth Management Inc. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,673 shares of the business services provider’s stock after purchasing an additional 866 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Omnicom Group were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after acquiring an additional 99,424 shares during the last quarter. State Street Corp lifted its stake in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after purchasing an additional 156,438 shares during the period. Geode Capital Management LLC increased its position in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after buying an additional 72,447 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. lifted its position in shares of Omnicom Group by 7.1% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider’s stock valued at $292,698,000 after buying an additional 224,870 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 0.5 %

Shares of OMC stock opened at $80.24 on Monday. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The stock’s fifty day simple moving average is $83.24 and its 200 day simple moving average is $92.43. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $15.77 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the firm posted $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. Wells Fargo & Company cut their price target 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. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $104.43.

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.