Ameriprise Financial Inc. Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

Ameriprise Financial Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 145,652 shares of the business services provider’s stock after buying an additional 3,068 shares during the period. Ameriprise Financial Inc.’s holdings in Omnicom Group were worth $12,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. boosted its holdings in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. grew its position in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after buying an additional 323 shares during the period. Trust Co. of Vermont grew its position in 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 buying an additional 490 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Omnicom Group in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the subject of several recent analyst reports. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company cut their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Barclays reduced their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $76.98 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The firm has a market capitalization of $15.02 billion, a PE ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 0.95. The business’s 50 day moving average price is $76.78 and its 200-day moving average price is $85.59.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 38.30%.

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.