IFG Advisory LLC Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

IFG Advisory LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,494 shares of the business services provider’s stock after acquiring an additional 781 shares during the quarter. IFG Advisory LLC’s holdings in Omnicom Group were worth $4,022,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC boosted its stake in shares of Omnicom Group by 1,805.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. KB Financial Partners LLC raised its position in shares of Omnicom Group by 1,326.1% during the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after purchasing an additional 305 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Omnicom Group during the 3rd quarter worth about $25,000. First Capital Advisors Group LLC. acquired a new position in shares of Omnicom Group during the 2nd quarter worth about $45,000. Finally, Ronald Blue Trust Inc. lifted its stake in Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The shares were 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 directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Stock Performance

NYSE:OMC opened at $95.16 on Thursday. The company has a fifty day simple moving average of $89.91 and a two-hundred day simple moving average of $83.22. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. Omnicom Group’s payout ratio is currently 40.46%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OMC. Macquarie raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $80.00 to $100.00 in a research note on Friday, January 5th. StockNews.com lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Barclays lifted their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.22.

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.