RVW Wealth LLC Takes $202,000 Position in Omnicom Group Inc. (NYSE:OMC)

RVW Wealth LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,085 shares of the business services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also recently made changes to their positions in the stock. Beutel Goodman & Co Ltd. increased its position in shares of Omnicom Group by 1.0% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock worth $363,148,000 after acquiring an additional 42,075 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Omnicom Group by 98.3% during the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after acquiring an additional 1,503,249 shares in the last quarter. First Trust Advisors LP increased its position in shares of Omnicom Group by 7.7% during the fourth quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after acquiring an additional 186,562 shares in the last quarter. Northern Trust Corp increased its position in shares of Omnicom Group by 13.2% during the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock worth $192,976,000 after acquiring an additional 301,927 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Omnicom Group by 1.9% during the fourth quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock worth $205,051,000 after acquiring an additional 43,861 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OMC. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Thursday, March 28th. Moffett Nathanson boosted their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Macquarie upped their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Omnicom Group Stock Up 1.2 %

Omnicom Group stock opened at $91.16 on Thursday. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The firm has a 50 day moving average price of $93.12 and a 200-day moving average price of $90.49. The company has a market capitalization of $17.85 billion, a P/E ratio of 12.32, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

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

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, June 10th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group 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.