Omnicom Group Inc. (NYSE:OMC) Shares Bought by Shayne & Jacobs LLC

Shayne & Jacobs LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,881 shares of the business services provider’s stock after buying an additional 550 shares during the quarter. Omnicom Group comprises about 0.8% of Shayne & Jacobs LLC’s holdings, making the stock its 18th biggest position. Shayne & Jacobs LLC’s holdings in Omnicom Group were worth $2,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc grew its holdings 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 valued at $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its stake in 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 in the last quarter. HM Payson & Co. grew its position in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after acquiring an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Omnicom Group by 742.4% during the 4th 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. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays dropped their price objective on 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. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped 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 analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Trading Up 0.1 %

OMC opened at $83.84 on Wednesday. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The firm’s fifty day moving average is $85.19 and its two-hundred day moving average is $95.08. The firm has a market cap of $16.47 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 period last year, the firm posted $2.20 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. Omnicom Group’s dividend 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.