Guardian Wealth Management Inc. Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Guardian Wealth Management Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,549 shares of the business services provider’s stock after purchasing an additional 661 shares during the period. Omnicom Group comprises approximately 2.0% of Guardian Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Guardian Wealth Management Inc.’s holdings in Omnicom Group were worth $2,848,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Boston Trust Walden Corp raised its holdings in shares of Omnicom Group by 8.2% in the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after acquiring an additional 14,153 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Omnicom Group by 16.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 401 shares during the last quarter. SG Americas Securities LLC raised its stake in Omnicom Group by 37.0% in the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock valued at $5,784,000 after purchasing an additional 17,414 shares during the last quarter. Assetmark Inc. lifted its holdings in Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after purchasing an additional 9,774 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after purchasing an additional 8,643 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OMC. Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.11.

Omnicom Group Trading Up 0.3 %

NYSE OMC opened at $103.42 on Monday. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 2.32 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a one year low of $81.41 and a one year high of $107.00. The company’s 50 day moving average price is $102.64 and its 200 day moving average price is $97.35.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm posted $1.86 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, December 20th. Omnicom Group’s payout ratio is 38.25%.

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.