GSB Wealth Management LLC Buys 222 Shares of Omnicom Group Inc. (NYSE:OMC)

GSB Wealth Management LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,503 shares of the business services provider’s stock after acquiring an additional 222 shares during the period. GSB Wealth Management LLC’s holdings in Omnicom Group were worth $732,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group during the third quarter worth $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the third quarter worth $36,000. Finally, HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $86.60 on Friday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The business has a 50-day simple moving average of $91.65 and a two-hundred day simple moving average of $96.37. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market cap of $16.90 billion, a PE ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. Omnicom Group’s payout ratio is presently 38.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OMC. UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average price target of $108.63.

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.