Private Trust Co. NA Acquires 463 Shares of Omnicom Group Inc. (NYSE:OMC)

Private Trust Co. NA increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 76.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,067 shares of the business services provider’s stock after purchasing an additional 463 shares during the quarter. Private Trust Co. NA’s holdings in Omnicom Group were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings 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 buying an additional 195 shares in the last quarter. Trust Co. of Vermont grew its position in shares of Omnicom Group by 742.4% in 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 last quarter. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $80.82 on Wednesday. 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 Inc. has a 12-month low of $79.57 and a 12-month high of $107.00. The firm has a 50 day moving average of $84.63 and a two-hundred day moving average of $94.62. The firm has a market capitalization of $15.88 billion, a PE ratio of 10.85, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its 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 quarter in the previous year, the firm earned $2.20 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of several analyst reports. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report 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 on the stock in a research report on Monday, January 27th. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company decreased 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 report on Tuesday, December 10th. Finally, Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. 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 company’s stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.