Bessemer Group Inc. Has $3.17 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Bessemer Group Inc. raised its position in Omnicom Group Inc. (NYSE:OMC) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,832 shares of the business services provider’s stock after purchasing an additional 247 shares during the period. Bessemer Group Inc.’s holdings in Omnicom Group were worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 645.2% during the 4th 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. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares in the last quarter. 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 purchasing an additional 490 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OMC. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $75.56 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The stock has a 50 day moving average of $80.50 and a 200-day moving average of $90.38. The company has a market capitalization of $14.85 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business posted $2.20 earnings per share. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

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.