Mather Group LLC. Has $237,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Mather Group LLC. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,752 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. Mather Group LLC.’s holdings in Omnicom Group were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its position in Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Barclays PLC boosted its holdings in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after acquiring an additional 13,637 shares in the last quarter. Bank of Montreal Can grew its position in Omnicom Group by 23.6% during the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after acquiring an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after purchasing an additional 97,661 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on OMC. UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Price Performance

OMC stock opened at $84.08 on Friday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The stock has a market capitalization of $16.52 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The company’s 50-day moving average is $89.28 and its 200-day moving average is $96.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the firm earned $2.20 earnings per share. Equities research analysts expect that Omnicom Group Inc. will post 7.99 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.33%. Omnicom Group’s payout ratio is 38.25%.

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.