FSB Premier Wealth Management Inc. Purchases 866 Shares of Omnicom Group Inc. (NYSE:OMC)

FSB Premier Wealth Management Inc. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,673 shares of the business services provider’s stock after acquiring an additional 866 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Omnicom Group were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Whittier Trust Co. raised its position in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group reduced their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group has an average rating of “Hold” and an average price target of $104.43.

Omnicom Group Price Performance

Shares of OMC opened at $80.24 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $15.77 billion, a PE ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98. The stock has a 50 day simple moving average of $83.24 and a 200 day simple moving average of $92.43. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business earned $2.20 earnings per share. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio is currently 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.