CarsonAllaria Wealth Management Ltd. Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMCGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,973 shares of the business services provider’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OMC. Pinebridge Investments L.P. increased its holdings in Omnicom Group by 24.4% in the 4th quarter. Pinebridge Investments L.P. now owns 123,033 shares of the business services provider’s stock valued at $9,015,000 after buying an additional 24,149 shares during the period. Citigroup Inc. increased its holdings in Omnicom Group by 36.8% in the 4th quarter. Citigroup Inc. now owns 219,573 shares of the business services provider’s stock worth $16,088,000 after buying an additional 59,019 shares in the last quarter. Glenview Trust Co lifted its holdings in Omnicom Group by 0.8% in the 4th quarter. Glenview Trust Co now owns 17,992 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 135 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of Omnicom Group by 11.2% in the 4th quarter. Tredje AP fonden now owns 55,597 shares of the business services provider’s stock worth $4,074,000 after buying an additional 5,597 shares during the period. Finally, TD Asset Management Inc. increased its holdings in shares of Omnicom Group by 1.1% in the fourth quarter. TD Asset Management Inc. now owns 462,339 shares of the business services provider’s stock valued at $33,876,000 after purchasing an additional 4,913 shares during the period. Institutional investors own 93.08% of the company’s stock.

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $85.86, for a total value of $128,790.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrew Castellaneta sold 5,000 shares of the firm’s stock in a transaction on Friday, February 11th. The shares were sold at an average price of $85.47, for a total transaction of $427,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,400 shares of company stock worth $704,112 in the last three months. 1.30% of the stock is owned by corporate insiders.

OMC stock traded up $0.76 during trading on Thursday, hitting $75.53. 1,543,521 shares of the stock traded hands, compared to its average volume of 1,947,920. The company has a 50 day simple moving average of $80.15 and a 200 day simple moving average of $76.49. Omnicom Group Inc. has a one year low of $65.76 and a one year high of $91.61. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 2.21 and a beta of 0.77. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59.

Omnicom Group (NYSE:OMCGet Rating) last released its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.11. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.29 billion. Omnicom Group had a net margin of 9.06% and a return on equity of 37.06%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. As a group, analysts predict that Omnicom Group Inc. will post 6.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. Omnicom Group’s dividend payout ratio (DPR) is presently 46.43%.

OMC has been the topic of a number of research analyst reports. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Friday, March 18th. BMO Capital Markets lifted their target price on shares of Omnicom Group from $82.00 to $89.00 in a research report on Thursday, April 21st. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price objective on the stock. in a report on Wednesday, January 12th. StockNews.com raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $103.00 to $90.00 in a research report on Monday, March 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.80.

Omnicom Group Company Profile (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Further Reading

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.