Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 37.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,504 shares of the business services provider’s stock after acquiring an additional 1,219 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Omnicom Group were worth $390,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in Omnicom Group in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its position in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Ronald Blue Trust Inc. grew its stake in Omnicom Group by 64.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Omnicom Group in the third quarter worth $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Omnicom Group by 116.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after buying an additional 323 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OMC shares. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Moffett Nathanson raised their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Barclays raised their target price on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group Trading Up 1.2 %

NYSE:OMC opened at $93.77 on Tuesday. The stock has a fifty day simple moving average of $91.65 and a 200 day simple moving average of $85.64. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period last year, the company posted $2.09 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio is 37.84%.

Omnicom Group 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.