Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,037 shares of the business services provider’s stock after acquiring an additional 1,184 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Omnicom Group were worth $1,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors LLC grew its holdings in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after acquiring an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans boosted its position in shares of Omnicom Group by 40.9% in the 3rd 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. Franklin Resources Inc. boosted its position in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after purchasing an additional 50,153 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.5 %

OMC opened at $81.54 on Wednesday. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The business has a 50-day moving average of $83.83 and a 200-day moving average of $93.47. 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 company has a market capitalization of $16.02 billion, a PE ratio of 10.94, a price-to-earnings-growth 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the firm posted $2.20 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OMC. Barclays decreased their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company decreased their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently 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.