Personal CFO Solutions LLC Takes Position in Omnicom Group Inc. (NYSE:OMC)

Personal CFO Solutions LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,534 shares of the business services provider’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 156,438 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after buying an additional 72,447 shares during the period. Amundi lifted its holdings in Omnicom Group by 4.5% in the fourth quarter. Amundi now owns 1,693,256 shares of the business services provider’s stock valued at $144,603,000 after acquiring an additional 72,924 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group in the fourth quarter valued at approximately $79,321,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OMC shares. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased 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 report on Monday, January 27th. Wells Fargo & Company decreased 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 report on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. 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 research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Price Performance

OMC stock opened at $84.90 on Monday. The business’s 50-day moving average is $84.42 and its two-hundred day moving average is $94.33. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market capitalization of $16.68 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 1 year low of $79.57 and a 1 year 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 for the quarter, beating 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 period in the previous year, the business earned $2.20 EPS. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

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.