Mather Group LLC. Purchases New Shares in Omnicom Group Inc. (NYSE:OMC)

Mather Group LLC. acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,535 shares of the business services provider’s stock, valued at approximately $349,000.

Several other hedge funds also recently added to or reduced their stakes in OMC. Ronald Blue Trust Inc. acquired a new position in Omnicom Group during the 2nd quarter worth $27,000. Hexagon Capital Partners LLC grew its holdings in Omnicom Group by 112.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 691 shares of the business services provider’s stock worth $44,000 after acquiring an additional 366 shares in the last quarter. Private Trust Co. NA acquired a new position in Omnicom Group during the 2nd quarter worth $44,000. Parkside Financial Bank & Trust grew its holdings in Omnicom Group by 30.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 908 shares of the business services provider’s stock worth $58,000 after acquiring an additional 214 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in Omnicom Group by 45.5% during the 3rd quarter. MBM Wealth Consultants LLC now owns 1,344 shares of the business services provider’s stock worth $85,000 after acquiring an additional 420 shares in the last quarter. 90.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMC has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Omnicom Group from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, February 9th. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Morgan Stanley raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $95.00 in a report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and an average target price of $97.00.

Omnicom Group Trading Up 2.0 %

Shares of NYSE:OMC opened at $87.37 on Wednesday. The company has a market cap of $17.71 billion, a PE ratio of 13.72, a P/E/G ratio of 2.80 and a beta of 0.83. The company’s 50-day moving average price is $88.63 and its 200 day moving average price is $78.11. Omnicom Group Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $96.52. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.48.

Omnicom Group (NYSE:OMC – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The business services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.15. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.75 billion. Omnicom Group had a net margin of 9.21% and a return on equity of 41.20%. Omnicom Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.95 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.15 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 10th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, March 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.20%. Omnicom Group’s dividend payout ratio (DPR) is 43.96%.

Omnicom Group Company Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.