SVB Wealth LLC Acquires Shares of 12,084 Omnicom Group Inc. (NYSE:OMC)

SVB Wealth LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,084 shares of the business services provider’s stock, valued at approximately $1,040,000.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp grew its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after buying an additional 156,438 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after buying an additional 72,447 shares during the last quarter. Barclays PLC grew its stake in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after buying an additional 13,637 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock valued at $72,465,000 after buying an additional 134,927 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.2 %

Omnicom Group stock opened at $82.75 on Monday. The business has a fifty day moving average of $84.86 and a two-hundred day moving average of $94.84. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $16.26 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 company earned $2.20 earnings per share. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.38%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of analyst reports. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped 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 price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.25.

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.