Whittier Trust Co. Grows Holdings in Omnicom Group Inc. (NYSE:OMC)

Whittier Trust Co. lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 194.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 489 shares of the business services provider’s stock after purchasing an additional 323 shares during the quarter. Whittier Trust Co.’s holdings in Omnicom Group were worth $42,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Omnicom Group during the fourth quarter worth $79,321,000. State Street Corp raised its holdings in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares during the period. World Investment Advisors LLC lifted its stake in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after acquiring an additional 374,952 shares in the last quarter. Arvest Bank Trust Division purchased a new position in Omnicom Group during the 3rd quarter valued at about $21,191,000. Finally, Bank of New York Mellon Corp grew its position in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after acquiring an additional 156,438 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 2.1 %

Omnicom Group stock opened at $79.45 on Tuesday. The stock’s fifty day moving average is $83.62 and its two-hundred day moving average is $92.94. The stock has a market cap of $15.61 billion, a PE ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year 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 0.90.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the firm posted $2.20 EPS. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OMC shares. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

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.