Avestar Capital LLC Purchases 427 Shares of Omnicom Group Inc. (NYSE:OMC)

Avestar Capital LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,596 shares of the business services provider’s stock after buying an additional 427 shares during the period. Avestar Capital LLC’s holdings in Omnicom Group were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter worth approximately $33,000. HM Payson & Co. increased its holdings in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 0.4 %

Shares of NYSE OMC opened at $82.28 on Friday. The firm’s fifty day moving average is $86.29 and its 200 day moving average is $95.56. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business earned $2.20 EPS. On average, equities research analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Analysts Set New Price Targets

Several research analysts recently issued reports on OMC shares. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group 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.