Schechter Investment Advisors LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

Schechter Investment Advisors LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 82.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,534 shares of the business services provider’s stock after purchasing an additional 3,414 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Omnicom Group were worth $652,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aviva PLC boosted its stake in shares of Omnicom Group by 406.1% during the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after purchasing an additional 101,348 shares during the period. NBC Securities Inc. bought a new position in shares of Omnicom Group during the third quarter valued at approximately $200,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Omnicom Group during the fourth quarter valued at approximately $21,936,000. Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Omnicom Group by 1.9% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 167,486 shares of the business services provider’s stock valued at $12,474,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in shares of Omnicom Group by 24.6% during the fourth quarter. Vest Financial LLC now owns 148,496 shares of the business services provider’s stock valued at $12,846,000 after acquiring an additional 29,339 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. UBS Group assumed coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective for the company. Macquarie upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Friday, January 5th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday. Finally, StockNews.com downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Omnicom Group Trading Up 1.7 %

Shares of NYSE:OMC opened at $96.76 on Friday. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 2.22 and a beta of 0.96. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The stock’s 50-day simple moving average is $90.06 and its two-hundred day simple moving average is $83.30. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the company earned $2.09 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 40.46%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Company 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.