Avantax Advisory Services Inc. Grows Holdings in Omnicom Group Inc. (NYSE:OMC)

Avantax Advisory Services Inc. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,037 shares of the business services provider’s stock after buying an additional 1,184 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Omnicom Group were worth $1,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OMC. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group during the 4th quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont lifted its stake in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Omnicom Group during the third quarter worth $55,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OMC shares. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on 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. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Price Performance

Shares of OMC opened at $81.54 on Wednesday. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The stock’s fifty day moving average is $83.83 and its 200-day moving average is $93.47.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results 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 quarter last year, the business earned $2.20 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

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.