NovaPoint Capital LLC Has $3.12 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

NovaPoint Capital LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,309 shares of the business services provider’s stock after purchasing an additional 823 shares during the period. NovaPoint Capital LLC’s holdings in Omnicom Group were worth $3,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OMC. Choreo LLC raised its stake in shares of Omnicom Group by 77.1% in the fourth quarter. Choreo LLC now owns 10,267 shares of the business services provider’s stock valued at $881,000 after purchasing an additional 4,469 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Omnicom Group by 8.1% during the 4th quarter. Tectonic Advisors LLC now owns 5,253 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 392 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Omnicom Group by 19.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,089 shares of the business services provider’s stock valued at $1,994,000 after acquiring an additional 3,793 shares during the period. Old North State Wealth Management LLC raised its position in Omnicom Group by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 19,962 shares of the business services provider’s stock worth $1,719,000 after purchasing an additional 580 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Omnicom Group by 14.0% during the fourth quarter. Mather Group LLC. now owns 2,752 shares of the business services provider’s stock worth $237,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group lifted their price objective 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. cut 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 note on Monday, January 27th. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Down 2.2 %

Shares of OMC stock opened at $85.00 on Thursday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The firm has a 50 day moving average price of $89.67 and a two-hundred day moving average price of $96.17. 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 company has a market capitalization of $16.70 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 in the previous year, the firm earned $2.20 EPS. As a group, analysts predict that Omnicom Group Inc. will post 7.99 earnings per share for the current 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. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.29%. Omnicom Group’s dividend payout ratio 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.