Omnicom Group Inc. (NYSE:OMC) Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 51.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,420 shares of the business services provider’s stock after acquiring an additional 2,508 shares during the quarter. Farther Finance Advisors LLC’s holdings in Omnicom Group were worth $592,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC raised its stake in shares of Omnicom Group by 6.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 5,353 shares of the business services provider’s stock valued at $461,000 after purchasing an additional 336 shares in the last quarter. Van ECK Associates Corp increased its stake in Omnicom Group by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider’s stock valued at $8,549,000 after buying an additional 9,590 shares during the period. Avestar Capital LLC raised its position in shares of Omnicom Group by 19.7% during the 4th quarter. Avestar Capital LLC now owns 2,596 shares of the business services provider’s stock worth $223,000 after buying an additional 427 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Omnicom Group by 1.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 73,809 shares of the business services provider’s stock worth $6,384,000 after acquiring an additional 835 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Omnicom Group in the fourth quarter valued at approximately $366,000. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OMC shares. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays cut their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Citigroup reiterated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, UBS Group cut their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $69.42 on Friday. The company has a market cap of $13.54 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company’s fifty day moving average is $74.30 and its two-hundred day moving average is $81.57. 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 Inc. has a 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. Omnicom Group’s dividend payout ratio (DPR) is currently 38.30%.

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.