Omnicom Group Inc. (NYSE:OMC) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854 shares of the business services provider’s stock after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC’s holdings in Omnicom Group were worth $73,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OMC. Raymond James Financial Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter worth about $79,321,000. State Street Corp lifted its holdings in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the period. World Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after acquiring an additional 374,952 shares during the period. Arvest Bank Trust Division purchased a new position in shares of Omnicom Group during the 3rd quarter worth about $21,191,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Omnicom Group by 2.4% during the 4th 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 during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.5 %

Shares of NYSE:OMC opened at $81.54 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. The company has a 50 day moving average of $83.83 and a two-hundred day moving average of $93.47. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $2.20 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, 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. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.