9,740 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,740 shares of the business services provider’s stock, valued at approximately $843,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in Omnicom Group during the 3rd quarter worth $25,000. HHM Wealth Advisors LLC purchased a new position in Omnicom Group during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. grew its stake in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Omnicom Group during the 3rd quarter valued at about $38,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Omnicom Group by 116.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 323 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Moffett Nathanson boosted their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday, March 28th. Finally, StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.40.

Omnicom Group Price Performance

Shares of OMC stock traded up $1.04 during trading hours on Tuesday, reaching $94.23. The company had a trading volume of 375,496 shares, compared to its average volume of 1,633,258. 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 stock has a fifty day moving average of $93.01 and a 200-day moving average of $86.99. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.18 and a beta of 0.96. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Omnicom Group Company 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.