Proficio Capital Partners LLC Takes Position in Omnicom Group Inc. (NYSE:OMC)

Proficio Capital Partners LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 59,560 shares of the business services provider's stock, valued at approximately $5,125,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sigma Planning Corp acquired a new stake in Omnicom Group during the 3rd quarter worth $223,000. KBC Group NV boosted its stake in Omnicom Group by 5.5% during the 3rd quarter. KBC Group NV now owns 101,101 shares of the business services provider's stock worth $10,453,000 after purchasing an additional 5,286 shares during the last quarter. Metis Global Partners LLC boosted its stake in Omnicom Group by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider's stock worth $652,000 after purchasing an additional 120 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Omnicom Group by 7.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,944 shares of the business services provider's stock worth $511,000 after purchasing an additional 325 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Omnicom Group by 7.7% during the 3rd quarter. CIBC Asset Management Inc now owns 33,687 shares of the business services provider's stock worth $3,483,000 after purchasing an additional 2,414 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in 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. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered 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 report on Monday, January 27th. Macquarie reissued an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock 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 currently has an average rating of "Moderate Buy" and an average target price of $105.75.

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Omnicom Group Stock Down 0.9 %

OMC traded down $0.75 on Thursday, reaching $80.74. The company's stock had a trading volume of 3,228,832 shares, compared to its average volume of 1,868,011. The stock has a 50 day moving average of $83.78 and a two-hundred day moving average of $93.39. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's payout ratio is 37.58%.

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.