Raymond James & Associates Buys 45,117 Shares of Omnicom Group Inc. (NYSE:OMC)

Raymond James & Associates increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,261 shares of the business services provider’s stock after purchasing an additional 45,117 shares during the quarter. Raymond James & Associates’ holdings in Omnicom Group were worth $46,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OMC. Greenleaf Trust boosted its position in Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after buying an additional 119 shares during the last quarter. Cambridge Trust Co. increased its position in Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after purchasing an additional 121 shares during the period. Great Valley Advisor Group Inc. raised its holdings in Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after purchasing an additional 124 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Finally, Czech National Bank boosted its stake in shares of Omnicom Group by 0.4% in the 4th quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock valued at $2,999,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Activity

In related news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction 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 in the company, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Omnicom Group Trading Up 0.1 %

Shares of Omnicom Group stock traded up $0.12 during trading hours on Friday, hitting $92.75. The company’s stock had a trading volume of 1,436,571 shares, compared to its average volume of 1,716,013. The company has a market capitalization of $18.16 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a 50 day moving average of $92.93 and a 200 day moving average of $86.71. 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 earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the business earned $2.09 EPS. Omnicom Group’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts predict that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. Finally, Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

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.