Atria Investments Inc Increases Position in Omnicom Group Inc. $OMC

Atria Investments Inc increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 59.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,120 shares of the business services provider’s stock after acquiring an additional 15,653 shares during the quarter. Atria Investments Inc’s holdings in Omnicom Group were worth $3,434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC boosted its holdings in shares of Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after purchasing an additional 318 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 319 shares during the period. Meeder Asset Management Inc. boosted its stake in Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Omnicom Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after buying an additional 202 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Omnicom Group during the 2nd quarter valued at about $37,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OMC. Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Bank of America restated an “underperform” rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. UBS Group upped their price target on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Morgan Stanley assumed coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Trading Up 2.7%

NYSE:OMC opened at $69.07 on Monday. The business’s 50-day moving average is $77.34 and its two-hundred day moving average is $76.35. The firm has a market capitalization of $13.33 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $89.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.6%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio is 47.27%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.