Janney Montgomery Scott LLC Has $601,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Janney Montgomery Scott LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,525 shares of the business services provider’s stock after acquiring an additional 420 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Omnicom Group were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMC. Kentucky Retirement Systems increased its stake in shares of Omnicom Group by 14.6% in the second quarter. Kentucky Retirement Systems now owns 15,269 shares of the business services provider’s stock valued at $971,000 after buying an additional 1,948 shares during the period. Duality Advisers LP increased its position in Omnicom Group by 526.7% in the 2nd quarter. Duality Advisers LP now owns 32,909 shares of the business services provider’s stock valued at $2,093,000 after acquiring an additional 27,658 shares during the period. CHICAGO TRUST Co NA acquired a new position in shares of Omnicom Group during the third quarter worth $224,000. Assenagon Asset Management S.A. acquired a new position in shares of Omnicom Group during the second quarter worth $1,118,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of Omnicom Group by 15.6% in the second quarter. Cetera Advisor Networks LLC now owns 20,680 shares of the business services provider’s stock worth $1,315,000 after purchasing an additional 2,798 shares during the last quarter. Institutional investors own 90.20% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $83.78 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 1.68. Omnicom Group Inc. has a twelve month low of $61.31 and a twelve month high of $91.61. The company has a fifty day moving average of $80.08 and a 200-day moving average of $72.55. The firm has a market capitalization of $17.08 billion, a P/E ratio of 13.45, a P/E/G ratio of 4.68 and a beta of 0.84.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Wednesday, December 21st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. Omnicom Group’s dividend payout ratio is currently 44.94%.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $70.79, for a total transaction of $92,027.00. Following the transaction, the director now directly owns 10,048 shares of the company’s stock, valued at approximately $711,297.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. Morgan Stanley raised their target price on Omnicom Group from $67.00 to $75.00 and gave the stock an “underweight” rating in a research report on Monday, December 19th. StockNews.com started coverage on Omnicom Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Barclays increased their target price on shares of Omnicom Group to $80.00 in a research report on Thursday, October 27th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus target price of $85.40.

Omnicom Group Company Profile

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Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.