Patriot Financial Group Insurance Agency LLC Has $976,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Patriot Financial Group Insurance Agency LLC raised its position in Omnicom Group Inc. (NYSE:OMC) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,345 shares of the business services provider’s stock after buying an additional 843 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Omnicom Group were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. ST Germain D J Co. Inc. bought a new stake in Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc boosted its position 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 period. Northwest Investment Counselors LLC bought a new position in Omnicom Group in the 3rd quarter worth $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group in the third quarter valued at about $36,000. Finally, HM Payson & Co. boosted its stake in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price target 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. Finally, Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock opened at $87.18 on Wednesday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The stock has a 50-day simple moving average of $91.45 and a 200 day simple moving average of $96.42. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.21%. Omnicom Group’s dividend payout ratio (DPR) is currently 38.25%.

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.