Syon Capital LLC Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Syon Capital LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,335 shares of the business services provider’s stock after buying an additional 346 shares during the period. Syon Capital LLC’s holdings in Omnicom Group were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aviva PLC raised its stake in shares of Omnicom Group by 406.1% during the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after acquiring an additional 101,348 shares in the last quarter. NBC Securities Inc. bought a new stake in Omnicom Group during the 3rd quarter valued at $200,000. Raymond James & Associates lifted its holdings in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after buying an additional 13,709 shares during the period. Arvest Investments Inc. bought a new position in shares of Omnicom Group during the 4th quarter worth $1,969,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Omnicom Group by 1,627.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after buying an additional 62,640 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OMC shares. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. Macquarie lifted their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Barclays increased their target price on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Moffett Nathanson upped their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Down 0.8 %

Shares of OMC stock opened at $95.89 on Friday. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock’s fifty day moving average price is $92.40 and its 200 day moving average price is $86.15.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. Omnicom Group’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, research analysts expect that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

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.