Advisor OS LLC Grows Stake in Omnicom Group Inc. (NYSE:OMC)

Advisor OS LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMCGet Rating) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,194 shares of the business services provider’s stock after purchasing an additional 657 shares during the quarter. Advisor OS LLC’s holdings in Omnicom Group were worth $380,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in OMC. Koshinski Asset Management Inc. grew its stake in Omnicom Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,045 shares of the business services provider’s stock worth $296,000 after buying an additional 143 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Omnicom Group by 1.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 9,018 shares of the business services provider’s stock worth $661,000 after buying an additional 158 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Omnicom Group by 20.3% during the 4th quarter. Quadrant Capital Group LLC now owns 948 shares of the business services provider’s stock worth $69,000 after buying an additional 160 shares during the last quarter. Sawtooth Solutions LLC grew its stake in Omnicom Group by 3.4% during the 3rd quarter. Sawtooth Solutions LLC now owns 5,075 shares of the business services provider’s stock worth $368,000 after buying an additional 168 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Omnicom Group by 1.8% during the 3rd quarter. Personal CFO Solutions LLC now owns 9,855 shares of the business services provider’s stock worth $714,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total transaction of $128,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Andrew Castellaneta sold 5,000 shares of the stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $85.47, for a total value of $427,350.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Several research analysts recently weighed in on OMC shares. Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $103.00 to $90.00 in a research note on Monday, March 14th. Morgan Stanley boosted their price target on Omnicom Group from $78.00 to $84.00 and gave the company an “underweight” rating in a research note on Thursday, February 10th. Macquarie boosted their price target on Omnicom Group from $85.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, February 10th. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price target on the stock. in a research note on Wednesday, January 12th. Finally, Wells Fargo & Company boosted their price target on Omnicom Group from $85.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.90.

Shares of OMC stock traded down $0.17 on Monday, hitting $78.52. The company had a trading volume of 16,743 shares, compared to its average volume of 2,022,613. The firm has a market cap of $16.25 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.27 and a beta of 0.75. The company has a 50-day moving average price of $82.22 and a 200-day moving average price of $76.04. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 1.51. Omnicom Group Inc. has a twelve month low of $65.76 and a twelve month high of $91.61.

Omnicom Group (NYSE:OMCGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The business services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.23. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. Omnicom Group’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS. Equities research analysts expect that Omnicom Group Inc. will post 6.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Thursday, March 10th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 9th. This represents a $2.80 dividend on an annualized basis and a yield of 3.57%. Omnicom Group’s payout ratio is 42.88%.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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