CarsonAllaria Wealth Management Ltd. Cuts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

CarsonAllaria Wealth Management Ltd. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,801 shares of the business services provider’s stock after selling 339 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Omnicom Group were worth $155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. grew its position in Omnicom Group by 14.0% in the 4th quarter. Mather Group LLC. now owns 2,752 shares of the business services provider’s stock worth $237,000 after purchasing an additional 339 shares in the last quarter. Columbus Macro LLC boosted its stake in shares of Omnicom Group by 52.7% in the 4th quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider’s stock worth $2,058,000 after buying an additional 8,260 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Omnicom Group by 29.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 1,437 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $219,000. Finally, BTC Capital Management Inc. lifted its holdings in Omnicom Group by 4.7% during the fourth quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider’s stock worth $4,651,000 after acquiring an additional 2,424 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Down 0.8 %

Omnicom Group stock opened at $87.07 on Wednesday. The firm has a 50 day simple moving average of $90.02 and a 200 day simple moving average of $96.20. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the firm earned $2.20 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 38.25%.

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.