Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,911 shares of the business services provider’s stock after purchasing an additional 520 shares during the period. Avior Wealth Management LLC’s holdings in Omnicom Group were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at approximately $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at approximately $36,000. Finally, HM Payson & Co. raised its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. 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 report on Wednesday, October 16th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Trading Up 0.5 %

NYSE:OMC opened at $86.60 on Friday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. The business has a fifty day moving average of $91.85 and a 200-day moving average of $96.39. 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 Dividend Announcement

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