HF Advisory Group LLC Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

HF Advisory Group LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,832 shares of the business services provider’s stock after buying an additional 727 shares during the quarter. HF Advisory Group LLC’s holdings in Omnicom Group were worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Omnicom Group by 683.2% in the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares during the period. Lazard Asset Management LLC boosted its holdings in Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after buying an additional 1,503,249 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Omnicom Group by 81.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock worth $144,111,000 after buying an additional 683,810 shares during the period. Boston Partners raised its holdings in Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after acquiring an additional 664,800 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Omnicom Group during the first quarter valued at about $59,124,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on OMC. Moffett Nathanson increased their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $91.00 to $106.00 in a research report on Wednesday. Finally, UBS Group began coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Stock Performance

Omnicom Group stock opened at $91.48 on Friday. The company’s 50-day moving average price is $91.35 and its 200-day moving average price is $85.18. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a market cap of $18.04 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the firm earned $2.09 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

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.