Omnicom Group Inc. (NYSE:OMC) Stock Holdings Increased by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,532 shares of the business services provider's stock after buying an additional 67,816 shares during the quarter. Truist Financial Corp owned 0.31% of Omnicom Group worth $52,444,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. State Street Corp boosted its position in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the period. Geode Capital Management LLC grew its stake in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Barclays PLC increased its position in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after acquiring an additional 13,637 shares during the last quarter. Bank of Montreal Can increased its position in shares of Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider's stock worth $72,465,000 after acquiring an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Omnicom Group by 16.3% in the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider's stock valued at $71,878,000 after purchasing an additional 97,661 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OMC. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their target price on 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. Finally, Barclays lowered 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE OMC traded down $1.34 during trading hours on Friday, hitting $82.27. The company had a trading volume of 2,198,586 shares, compared to its average volume of 2,530,070. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. The business has a fifty day simple moving average of $85.60 and a 200-day simple moving average of $95.21. The firm has a market cap of $16.16 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates 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 EPS. Equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Omnicom Group's dividend payout ratio (DPR) is presently 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.