Stiles Financial Services Inc Buys 821 Shares of Omnicom Group Inc. (NYSE:OMC)

Stiles Financial Services Inc increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,648 shares of the business services provider’s stock after acquiring an additional 821 shares during the period. Stiles Financial Services Inc’s holdings in Omnicom Group were worth $2,550,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Omnicom Group in the third quarter valued at $33,000. HM Payson & Co. grew its position in shares of 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 acquiring an additional 169 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Omnicom Group in the 3rd quarter valued at about $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.6 %

OMC stock opened at $83.76 on Monday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. The business’s fifty day moving average price is $88.46 and its two-hundred day moving average price is $95.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the business earned $2.20 EPS. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut 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. Finally, UBS Group upped their price objective 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 analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group 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.