Bleakley Financial Group LLC Has $1.68 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Bleakley Financial Group LLC lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,563 shares of the business services provider’s stock after selling 241 shares during the period. Bleakley Financial Group LLC’s holdings in Omnicom Group were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of Omnicom Group during the second quarter worth $1,259,000. Czech National Bank increased its position in Omnicom Group by 6.8% in the third quarter. Czech National Bank now owns 39,855 shares of the business services provider’s stock worth $4,121,000 after purchasing an additional 2,536 shares during the period. Mather Group LLC. raised its holdings in Omnicom Group by 7.4% during the 3rd quarter. Mather Group LLC. now owns 2,413 shares of the business services provider’s stock worth $250,000 after purchasing an additional 166 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Omnicom Group during the 3rd quarter valued at about $292,000. Finally, Brookstone Capital Management bought a new position in shares of Omnicom Group in the 3rd quarter valued at about $294,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company 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. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Trading Down 0.6 %

NYSE:OMC opened at $83.76 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The business’s 50-day simple moving average is $88.88 and its 200-day simple moving average is $96.01. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The stock has a market capitalization of $16.46 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period last year, the company earned $2.20 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 7.99 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) 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.