Avestar Capital LLC Has $223,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Avestar Capital LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 19.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,596 shares of the business services provider’s stock after purchasing an additional 427 shares during the period. Avestar Capital LLC’s holdings in Omnicom Group were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc grew its stake 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 worth $27,000 after acquiring an additional 271 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the third quarter valued at about $33,000. HM Payson & Co. boosted its holdings in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in 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 purchasing an additional 490 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OMC. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. 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. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE OMC opened at $82.28 on Friday. The firm has a market cap of $16.17 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $86.29 and its 200-day moving average is $95.56. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00.

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, beating 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 previous year, the business posted $2.20 EPS. Sell-side analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

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.