Vest Financial LLC Increases Stake in Omnicom Group Inc. (NYSE:OMC)

Vest Financial LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,490 shares of the business services provider's stock after acquiring an additional 114,703 shares during the period. Vest Financial LLC owned 0.20% of Omnicom Group worth $33,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OMC. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its stake in shares of Omnicom Group by 645.2% in the fourth 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 during the period. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group in the third quarter worth about $33,000. HM Payson & Co. boosted its stake in shares of 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 during the period. Finally, Trust Co. of Vermont boosted its stake in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 1.4 %

Shares of Omnicom Group stock traded down $1.16 on Wednesday, reaching $81.25. The company had a trading volume of 2,826,898 shares, compared to its average volume of 2,461,800. The firm's 50-day moving average price is $87.58 and its two-hundred day moving average price is $95.85. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 company posted $2.20 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, December 20th. Omnicom Group's dividend payout ratio is presently 37.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on 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. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased 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. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $108.25.

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.