3,049 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Financial Consulate Inc.

Financial Consulate Inc. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,049 shares of the business services provider’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMC. Cambridge Trust Co. lifted its position in shares of Omnicom Group by 5.2% in the 3rd quarter. Cambridge Trust Co. now owns 3,010 shares of the business services provider’s stock worth $190,000 after buying an additional 150 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Omnicom Group by 5.1% in the 1st quarter. Forum Financial Management LP now owns 3,103 shares of the business services provider’s stock worth $263,000 after buying an additional 151 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its position in shares of Omnicom Group by 3.4% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 4,753 shares of the business services provider’s stock worth $300,000 after buying an additional 155 shares during the last quarter. Prairiewood Capital LLC lifted its position in shares of Omnicom Group by 1.3% in the 3rd quarter. Prairiewood Capital LLC now owns 12,491 shares of the business services provider’s stock worth $788,000 after buying an additional 158 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Omnicom Group by 3.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,455 shares of the business services provider’s stock worth $281,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on OMC shares. Barclays increased their price objective on shares of Omnicom Group from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, February 9th. Wells Fargo & Company increased their price objective on shares of Omnicom Group from $84.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. StockNews.com started coverage on shares of Omnicom Group in a report on Thursday. They issued a “hold” rating on the stock. Morgan Stanley raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $95.00 in a report on Wednesday, February 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.33.

Omnicom Group Stock Down 1.3 %

Omnicom Group stock opened at $86.17 on Friday. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.80 and a beta of 0.83. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $88.70 and its two-hundred day moving average price is $78.42. Omnicom Group Inc. has a 52 week low of $61.31 and a 52 week high of $96.52.

Omnicom Group (NYSE:OMC – Get Rating) last released its earnings results on Tuesday, February 7th. The business services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.94 by $0.15. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Omnicom Group had a net margin of 9.21% and a return on equity of 41.20%. Omnicom Group’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $1.95 EPS. On average, analysts expect that Omnicom Group Inc. will post 7.15 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Friday, March 10th will be paid a $0.70 dividend. The ex-dividend date is Thursday, March 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.25%. Omnicom Group’s dividend payout ratio is currently 43.96%.

Omnicom Group Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.