Omnicom Group Inc. (NYSE:OMC) Position Raised by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 75,151 shares of the business services provider’s stock after buying an additional 2,716 shares during the period. Stifel Financial Corp’s holdings in Omnicom Group were worth $6,466,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OMC. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of Omnicom Group by 645.2% during 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 during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the period. Whittier Trust Co. increased its stake in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $75.90 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The business’s 50-day moving average price is $78.44 and its two-hundred day moving average price is $88.06. The company has a market capitalization of $14.81 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

Several brokerages have commented on OMC. Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Citigroup restated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Company 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.