340 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Richardson Financial Services Inc.

Richardson Financial Services Inc. purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 340 shares of the business services provider’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new stake in Omnicom Group in the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. First United Bank & Trust acquired a new stake in Omnicom Group in the 4th quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC increased its stake in Omnicom Group by 47.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Activity

In related news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of a number of analyst reports. Macquarie lifted their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

Omnicom Group Trading Up 1.9 %

NYSE:OMC opened at $90.08 on Tuesday. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $93.19 and its 200 day moving average is $90.42. The stock has a market capitalization of $17.64 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts expect that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be paid a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.11%. Omnicom Group’s payout ratio is 37.84%.

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.