Cerity Partners LLC Has $4.71 Million Position in Omnicom Group Inc. (NYSE:OMC)

Cerity Partners LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,463 shares of the business services provider's stock after purchasing an additional 3,865 shares during the period. Cerity Partners LLC's holdings in Omnicom Group were worth $4,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after buying an additional 99,424 shares during the period. Bank of New York Mellon Corp increased its stake in Omnicom Group by 2.4% in the fourth 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 purchasing an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the period. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after purchasing an additional 51,148 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its stake in Omnicom Group by 7.1% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock valued at $292,698,000 after acquiring an additional 224,870 shares during the period. Institutional investors own 91.97% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OMC shares. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday. Finally, Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.25.

Omnicom Group Stock Up 0.4 %

NYSE OMC traded up $0.33 during trading hours on Tuesday, hitting $76.87. 3,291,271 shares of the company traded hands, compared to its average volume of 2,156,632. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The business's 50-day moving average is $80.19 and its 200-day moving average is $90.02. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.60 by $0.10. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.64%. Omnicom Group's dividend payout ratio (DPR) is currently 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.