Center for Financial Planning Inc. Has $772,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Center for Financial Planning Inc. cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,971 shares of the business services provider’s stock after selling 249 shares during the period. Center for Financial Planning Inc.’s holdings in Omnicom Group were worth $772,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC increased its stake in Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock worth $613,000 after acquiring an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Omnicom Group by 17.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of Omnicom Group by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 102 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Omnicom Group by 1.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC opened at $82.28 on Friday. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The stock has a 50 day moving average price of $86.71 and a two-hundred day moving average price of $95.65. The firm has a market capitalization of $16.17 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the business earned $2.20 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. Omnicom Group’s payout ratio is currently 37.58%.

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.