Schechter Investment Advisors LLC Has $645,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Schechter Investment Advisors LLC trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,496 shares of the business services provider’s stock after selling 348 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Omnicom Group were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. Farther Finance Advisors LLC grew its holdings in Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after acquiring an additional 102 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Omnicom Group by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider’s stock valued at $2,193,000 after purchasing an additional 423 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Omnicom Group by 2.4% in the 3rd quarter. Van ECK Associates Corp now owns 89,763 shares of the business services provider’s stock valued at $9,041,000 after purchasing an additional 2,140 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Omnicom Group by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,974 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 442 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Omnicom Group by 38.0% in the 3rd quarter. QRG Capital Management Inc. now owns 47,031 shares of the business services provider’s stock valued at $4,863,000 after purchasing an additional 12,939 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Up 0.1 %

Shares of NYSE OMC opened at $80.82 on Wednesday. The firm has a market cap 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 Inc. has a 12-month low of $79.57 and a 12-month high of $107.00. The company’s fifty day simple moving average is $84.63 and its 200 day simple moving average is $94.62. 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 (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 prior year, the business earned $2.20 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.46%. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OMC. Wells Fargo & Company reduced their price objective on shares of 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. Barclays reduced their price objective 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 reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.