59,560 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 59,560 shares of the business services provider’s stock, valued at approximately $5,125,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings 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. Venturi Wealth Management LLC increased its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont raised its holdings in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $55,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of 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. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on 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 set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC stock opened at $80.73 on Tuesday. The stock’s 50-day moving average price is $84.74 and its 200 day moving average price is $94.73. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $15.86 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $80.08 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results 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 return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the company earned $2.20 EPS. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. Omnicom Group’s payout ratio is currently 37.58%.

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.