Independent Advisor Alliance Has $248,000 Position in Omnicom Group Inc. (NYSE:OMC)

Independent Advisor Alliance lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,870 shares of the business services provider’s stock after selling 226 shares during the quarter. Independent Advisor Alliance’s holdings in Omnicom Group were worth $248,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in Omnicom Group during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. grew its holdings in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. First United Bank & Trust acquired a new position in Omnicom Group during the fourth quarter valued at approximately $35,000. Authentikos Wealth Advisory LLC acquired a new position in Omnicom Group during the third quarter valued at approximately $38,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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 report on Thursday, March 28th. Moffett Nathanson upped their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $95.26 on Thursday. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The firm has a fifty day simple moving average of $94.18 and a 200 day simple moving average of $88.66. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Research analysts forecast that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Omnicom Group 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.