Signaturefd LLC Has $431,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Signaturefd LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,985 shares of the business services provider’s stock after purchasing an additional 879 shares during the quarter. Signaturefd LLC’s holdings in Omnicom Group were worth $431,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Verdence Capital Advisors LLC raised its holdings in shares of Omnicom Group by 37.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 4,504 shares of the business services provider’s stock worth $390,000 after buying an additional 1,219 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Omnicom Group by 22.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,696 shares of the business services provider’s stock worth $233,000 after buying an additional 501 shares in the last quarter. DT Investment Partners LLC raised its holdings in shares of Omnicom Group by 455.3% in the 4th quarter. DT Investment Partners LLC now owns 1,194 shares of the business services provider’s stock worth $109,000 after buying an additional 979 shares in the last quarter. abrdn plc raised its holdings in shares of Omnicom Group by 35.0% in the 4th quarter. abrdn plc now owns 84,285 shares of the business services provider’s stock worth $7,291,000 after buying an additional 21,843 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after buying an additional 119 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was 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 in the company, valued at approximately $845,194.98. The transaction 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 Stock Up 1.9 %

NYSE OMC opened at $95.98 on Thursday. The stock has a fifty day moving average of $92.04 and a 200-day moving average of $85.85. The stock has a market capitalization of $18.80 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. UBS Group started coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target for the company. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Finally, Barclays raised their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.40.

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.