Peoples Bank OH Buys Shares of 2,569 Omnicom Group Inc. (NYSE:OMC)

Peoples Bank OH bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel reports. The firm bought 2,569 shares of the business services provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Omnicom Group during the 3rd quarter valued at about $25,000. KB Financial Partners LLC boosted its position in shares of Omnicom Group by 1,326.1% during the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 305 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its position in shares of Omnicom Group by 1,805.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in Omnicom Group by 64.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in Omnicom Group during the 3rd quarter valued at about $38,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $0.52 during midday trading on Friday, hitting $92.62. The company’s stock had a trading volume of 962,956 shares, compared to its average volume of 1,780,585. The business’s 50 day simple moving average is $90.87 and its 200 day simple moving average is $84.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The company has a market cap of $18.26 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts forecast that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 40.46%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OMC. Wells Fargo & Company upped their target price on shares of Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $90.00 to $100.00 in a research report on Friday, December 15th. Finally, Macquarie raised their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.44.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.