Morton Community Bank Buys 585 Shares of Omnicom Group Inc. (NYSE:OMC)

Morton Community Bank increased its stake in Omnicom Group Inc. (NYSE:OMC) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,053 shares of the business services provider’s stock after buying an additional 585 shares during the period. Morton Community Bank’s holdings in Omnicom Group were worth $3,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in shares of Omnicom Group by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider’s stock worth $2,193,000 after acquiring an additional 423 shares during the period. Concurrent Investment Advisors LLC lifted its position in Omnicom Group by 3.5% during the third quarter. Concurrent Investment Advisors LLC now owns 4,848 shares of the business services provider’s stock valued at $501,000 after purchasing an additional 162 shares during the last quarter. SpiderRock Advisors LLC lifted its position in Omnicom Group by 464.3% in the third quarter. SpiderRock Advisors LLC now owns 25,508 shares of the business services provider’s stock worth $2,637,000 after buying an additional 20,988 shares during the last quarter. Assetmark Inc. grew its stake 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 valued at $50,562,000 after buying an additional 9,774 shares during the last quarter. Finally, Kerusso Capital Management LLC grew its holdings in shares of Omnicom Group by 6.4% in the third quarter. Kerusso Capital Management LLC now owns 16,374 shares of the business services provider’s stock worth $1,693,000 after purchasing an additional 982 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $84.90 on Monday. The firm has a market capitalization of $16.68 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 12 month low of $79.57 and a 12 month high of $107.00. The company’s fifty day moving average price is $84.42 and its 200 day moving average price is $94.33. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $2.20 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm 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 of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of 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. Barclays decreased 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, January 24th. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.