Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 12.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 609,532 shares of the business services provider’s stock after acquiring an additional 67,816 shares during the quarter. Truist Financial Corp owned about 0.31% of Omnicom Group worth $52,444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock worth $613,000 after purchasing an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after buying an additional 97 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Omnicom Group by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 102 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of Omnicom Group by 1.8% in the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock worth $683,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $82.28 on Tuesday. The company’s 50-day moving average is $86.29 and its two-hundred day moving average is $95.52. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the firm earned $2.20 EPS. Analysts forecast that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

Several research firms recently commented on OMC. 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. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $108.25.

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.