Omnicom Group Inc. (NYSE:OMC) Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Omnicom Group Inc. (NYSE:OMC) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,715 shares of the business services provider’s stock after purchasing an additional 3,379 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Omnicom Group were worth $5,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp boosted its holdings in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after acquiring an additional 374,952 shares during the last quarter. Millennium Management LLC increased its position in Omnicom Group by 73.0% during the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after purchasing an additional 324,196 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Omnicom Group by 389,021.8% during the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after buying an additional 213,962 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in Omnicom Group in the third quarter valued at approximately $21,191,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.5 %

NYSE:OMC opened at $86.60 on Monday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The firm has a market cap of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $91.65 and a 200 day moving average price of $96.41.

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company cut 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.63.

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.