GHP Investment Advisors Inc. Grows Stock Position in Omnicom Group Inc. (NYSE:OMC)

GHP Investment Advisors Inc. increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,758 shares of the business services provider’s stock after acquiring an additional 1,419 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Omnicom Group were worth $5,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OMC. State Street Corp boosted its stake in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Geode Capital Management LLC raised its holdings in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the period. Barclays PLC raised its holdings in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. Bank of Montreal Can lifted its position in 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 purchasing an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after purchasing an additional 97,661 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 1.0 %

Shares of OMC stock opened at $84.08 on Friday. The company’s fifty day simple moving average is $89.28 and its two-hundred day simple moving average is $96.09. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The stock has a market cap of $16.52 billion, a P/E ratio of 11.49, a PEG ratio of 1.89 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

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 the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter last year, the company earned $2.20 earnings per share. Analysts predict that Omnicom Group Inc. will post 7.99 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company decreased 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. UBS Group lifted their price target on shares of 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. reduced their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price 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.