Mather Group LLC. Increases Holdings in Omnicom Group Inc. (NYSE:OMC)

Mather Group LLC. increased its stake in Omnicom Group Inc. (NYSE:OMC) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,752 shares of the business services provider’s stock after buying an additional 339 shares during the quarter. Mather Group LLC.’s holdings in Omnicom Group were worth $237,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Omnicom Group by 5.7% in 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 acquiring an additional 759,980 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 shares of 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 grew its holdings 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 during the period. Finally, BNP Paribas Financial Markets increased its position in Omnicom Group by 16.3% in the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after buying an additional 97,661 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.0 %

Shares of OMC opened at $84.08 on Friday. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a market capitalization of $16.52 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $89.28 and its 200 day simple moving average is $96.09.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $2.20 earnings per share. Sell-side analysts forecast that Omnicom Group Inc. will post 7.99 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OMC shares. Wells Fargo & Company lowered 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 upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Company 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.