Greenleaf Trust Purchases 119 Shares of Omnicom Group Inc. (NYSE:OMC)

Greenleaf Trust increased its position in Omnicom Group Inc. (NYSE:OMC) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,329 shares of the business services provider’s stock after purchasing an additional 119 shares during the quarter. Greenleaf Trust’s holdings in Omnicom Group were worth $1,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OMC. First Trust Advisors LP raised its holdings in shares of Omnicom Group by 683.2% in the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock valued at $251,016,000 after purchasing an additional 2,579,717 shares during the period. Lazard Asset Management LLC raised its holdings in Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after acquiring an additional 1,503,249 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Omnicom Group by 81.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock valued at $144,111,000 after acquiring an additional 683,810 shares during the period. Boston Partners raised its holdings in Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after acquiring an additional 664,800 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Omnicom Group in the 1st quarter valued at about $59,124,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group assumed coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $91.00 to $106.00 in a research report on Wednesday. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. Finally, Barclays lifted their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $103.40.

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 shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $92.62 on Friday. The company’s 50 day simple moving average is $91.51 and its 200 day simple moving average is $85.41. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

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.