Schechter Investment Advisors LLC Has $645,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Schechter Investment Advisors LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,496 shares of the business services provider’s stock after selling 348 shares during the period. Schechter Investment Advisors LLC’s holdings in Omnicom Group were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 102 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Omnicom Group by 1.8% in the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Omnicom Group by 1.9% in the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 120 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in shares of Omnicom Group by 1.1% in the third quarter. Gold Investment Management Ltd. now owns 11,223 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 127 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its holdings in shares of Omnicom Group by 3.5% in the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $80.82 on Wednesday. The stock has a market cap of $15.88 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The firm’s fifty day simple moving average is $84.63 and its 200 day simple moving average is $94.62. Omnicom Group Inc. has a twelve month low of $79.57 and a twelve month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its earnings results 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 net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analyst Ratings Changes

Several brokerages have recently commented on OMC. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.