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

LPL Financial LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 219,326 shares of the business services provider’s stock after buying an additional 29,756 shares during the quarter. LPL Financial LLC owned 0.11% of Omnicom Group worth $18,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of 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 buying an additional 759,980 shares in the last quarter. Bank of New York Mellon Corp grew its position in Omnicom Group by 2.4% in 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 acquiring an additional 156,438 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Omnicom Group by 3.9% during the 4th quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider’s stock valued at $210,863,000 after purchasing an additional 92,685 shares in the last quarter. Finally, Amundi lifted its stake in shares of Omnicom Group by 4.5% in the 4th quarter. Amundi now owns 1,693,256 shares of the business services provider’s stock valued at $144,603,000 after purchasing an additional 72,924 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 3.1 %

Shares of Omnicom Group stock opened at $82.72 on Tuesday. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00. The company’s fifty day simple moving average is $83.18 and its 200-day simple moving average is $92.31. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $2.20 EPS. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed 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 is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

OMC has been the topic of several recent research reports. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reduced 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 research note on Tuesday, December 10th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.