US Asset Management LLC Takes $437,000 Position in Omnicom Group Inc. (NYSE:OMC)

US Asset Management LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,057 shares of the business services provider’s stock, valued at approximately $437,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. increased its position in shares of Omnicom Group by 5.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 180,159 shares of the business services provider’s stock worth $15,586,000 after acquiring an additional 8,681 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Omnicom Group by 6.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,591 shares of the business services provider’s stock valued at $3,512,000 after buying an additional 2,505 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Omnicom Group by 7.4% in the 4th quarter. Apollon Wealth Management LLC now owns 20,771 shares of the business services provider’s stock valued at $1,797,000 after acquiring an additional 1,426 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Omnicom Group during the 4th quarter worth approximately $843,000. Finally, Legacy Financial Advisors Inc. grew its stake in shares of Omnicom Group by 5.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,250 shares of the business services provider’s stock worth $541,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OMC shares. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. Macquarie increased their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group assumed coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price on the stock. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. Finally, StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Up 0.1 %

OMC stock traded up $0.06 during trading on Friday, reaching $95.75. 456,651 shares of the company traded hands, compared to its average volume of 1,638,238. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The business has a 50 day simple moving average of $93.41 and a 200 day simple moving average of $87.25. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Omnicom Group’s payout ratio is 37.84%.

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.