LPL Financial LLC Acquires 29,756 Shares of Omnicom Group Inc. (NYSE:OMC)

LPL Financial LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,326 shares of the business services provider’s stock after acquiring an additional 29,756 shares during the quarter. LPL Financial LLC’s holdings in Omnicom Group were worth $18,871,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OMC. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its position in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the period. Whittier Trust Co. raised its stake in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price 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. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.43.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $82.72 on Tuesday. The stock has a market capitalization of $16.25 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00. The business has a 50-day moving average price of $83.18 and a two-hundred day moving average price of $92.31.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $2.20 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.