NovaPoint Capital LLC Has $3.12 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

NovaPoint Capital LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,309 shares of the business services provider’s stock after purchasing an additional 823 shares during the period. NovaPoint Capital LLC’s holdings in Omnicom Group were worth $3,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. World Investment Advisors LLC grew its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in Omnicom Group in the third quarter valued at approximately $713,000. Thrivent Financial for Lutherans increased its holdings in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares in the last quarter. Assetmark Inc. raised its position in shares of Omnicom Group by 2.0% during the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after purchasing an additional 9,774 shares during the period. Finally, Transamerica Financial Advisors Inc. raised its position in shares of Omnicom Group by 569.2% during the third quarter. Transamerica Financial Advisors Inc. now owns 10,881 shares of the business services provider’s stock worth $1,125,000 after purchasing an additional 9,255 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMC has been the topic of several analyst reports. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. UBS Group boosted their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced 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 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Down 2.2 %

Shares of NYSE OMC opened at $85.00 on Thursday. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.89 and a beta of 0.97. 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 firm’s fifty day moving average is $89.67 and its 200 day moving average is $96.17. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the company posted $2.20 earnings per share. On average, equities research analysts expect that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. Omnicom Group’s payout ratio is currently 38.25%.

About Omnicom Group

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.