Sei Investments Co. Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Sei Investments Co. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,105 shares of the business services provider’s stock after acquiring an additional 46,952 shares during the period. Sei Investments Co.’s holdings in Omnicom Group were worth $24,186,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of 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 during the period. Venturi Wealth Management LLC raised its stake in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. lifted its holdings in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 323 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. 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. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their price objective 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. One equities research 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’s stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Trading Up 0.9 %

NYSE OMC opened at $81.14 on Thursday. The company has a 50-day moving average of $83.45 and a 200-day moving average of $92.73. 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 Inc. has a 12 month low of $78.69 and a 12 month high of $107.00. The company has a market cap of $15.94 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate 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 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

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.