Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 21.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,985 shares of the business services provider’s stock after purchasing an additional 879 shares during the quarter. Signaturefd LLC’s holdings in Omnicom Group were worth $431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Omnicom Group in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. lifted its stake in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in Omnicom Group by 64.4% in the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after buying an additional 199 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Omnicom Group in the third quarter valued at approximately $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Omnicom Group by 116.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after buying an additional 323 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.9 %

NYSE:OMC opened at $95.98 on Thursday. The stock has a fifty day moving average price of $92.04 and a two-hundred day moving average price of $85.85. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.20 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OMC shares. Barclays boosted their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Moffett Nathanson boosted their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.40.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.