Omnicom Group Inc. (NYSE:OMC) Shares Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,319 shares of the business services provider’s stock after buying an additional 540 shares during the period. Prestige Wealth Management Group LLC’s holdings in Omnicom Group were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in OMC. Thrivent Financial for Lutherans raised its position in Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after purchasing an additional 8,643 shares during the period. Pathstone Holdings LLC raised its holdings in Omnicom Group by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock valued at $3,662,000 after buying an additional 835 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Omnicom Group in the 3rd quarter valued at about $500,000. Citigroup Inc. lifted its position in Omnicom Group by 33.9% in the third quarter. Citigroup Inc. now owns 283,156 shares of the business services provider’s stock valued at $29,275,000 after buying an additional 71,681 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in Omnicom Group by 5.7% during the third quarter. Great Valley Advisor Group Inc. now owns 5,161 shares of the business services provider’s stock worth $533,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OMC shares. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on 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. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Omnicom Group Price Performance

OMC stock opened at $79.45 on Tuesday. The business’s 50-day moving average is $83.62 and its two-hundred day moving average is $92.94. 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 1 year low of $78.69 and a 1 year high of $107.00. The firm has a market capitalization of $15.61 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 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 posted $2.20 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.