Arvest Bank Trust Division Has $17.29 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Arvest Bank Trust Division reduced its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,931 shares of the business services provider's stock after selling 4,034 shares during the quarter. Omnicom Group makes up approximately 1.0% of Arvest Bank Trust Division's holdings, making the stock its 28th largest holding. Arvest Bank Trust Division owned about 0.10% of Omnicom Group worth $17,288,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OMC. Center For Asset Management LLC raised its position in shares of Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after acquiring an additional 146 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after acquiring an additional 147 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after acquiring an additional 161 shares during the last quarter. Convergence Financial LLC grew its holdings in Omnicom Group by 6.5% during the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock valued at $232,000 after purchasing an additional 165 shares during the period. Finally, Impact Partnership Wealth LLC boosted its position in shares of Omnicom Group by 2.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock worth $559,000 after purchasing an additional 182 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barclays lowered their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group reduced their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Stock Up 1.5 %

Shares of NYSE:OMC traded up $1.09 during midday trading on Tuesday, reaching $73.18. The company had a trading volume of 640,477 shares, compared to its average volume of 2,169,345. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The stock has a market cap of $14.38 billion, a PE ratio of 9.83, a P/E/G ratio of 1.94 and a beta of 0.87. 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 business's 50 day moving average price is $79.39 and its 200 day moving average price is $89.10.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is currently 38.30%.

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.