Diversified Trust Co Purchases 3,190 Shares of Omnicom Group Inc. (NYSE:OMC)

Diversified Trust Co increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 42,385 shares of the business services provider’s stock after buying an additional 3,190 shares during the period. Diversified Trust Co’s holdings in Omnicom Group were worth $3,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMC. Versant Capital Management Inc grew its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group in the 3rd quarter valued at about $33,000. Davis Capital Management acquired a new position in Omnicom Group during the 3rd quarter worth approximately $36,000. HM Payson & Co. grew its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group in the 3rd quarter valued at approximately $55,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMC. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Stock Down 0.6 %

Shares of NYSE:OMC opened at $84.60 on Wednesday. The company has a 50 day moving average price of $96.28 and a two-hundred day moving average price of $96.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market capitalization of $16.51 billion, a PE ratio of 11.56, a PEG ratio of 2.07 and a beta of 0.98. Omnicom Group Inc. has a 52 week low of $84.04 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the firm earned $1.86 EPS. Analysts forecast that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 38.25%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

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.