Cerity Partners LLC Raises Position in Omnicom Group Inc. (NYSE:OMC)

Cerity Partners LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,421 shares of the business services provider’s stock after buying an additional 1,397 shares during the period. Cerity Partners LLC’s holdings in Omnicom Group were worth $988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Omnicom Group in the third quarter worth about $25,000. Pinnacle Bancorp Inc. lifted its stake in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. KB Financial Partners LLC lifted its stake in shares of Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after acquiring an additional 305 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Omnicom Group by 1,805.9% in the first 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. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Omnicom Group by 64.4% in the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. UBS Group started coverage on Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. Finally, BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Up 1.2 %

NYSE:OMC opened at $92.62 on Monday. The firm has a market capitalization of $18.14 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. The stock has a 50 day moving average of $91.51 and a 200-day moving average of $85.49. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 earnings per share. Analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

About Omnicom Group

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.