Columbus Macro LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,925 shares of the business services provider’s stock, valued at approximately $361,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA grew its stake in shares of Omnicom Group by 0.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the period. Security National Bank of SO Dak grew its stake in shares of Omnicom Group by 1.0% during the 2nd quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Omnicom Group by 2.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,820 shares of the business services provider’s stock valued at $731,000 after purchasing an additional 180 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Omnicom Group by 1.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,420 shares of the business services provider’s stock valued at $3,735,000 after purchasing an additional 804 shares during the period. Finally, Creative Planning grew its stake in shares of Omnicom Group by 17.4% during the 4th quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 817 shares during the period. Institutional investors and hedge funds own 98.62% of the company’s stock.
Omnicom Group Inc. (NYSE:OMC) opened at $72.89 on Tuesday. Omnicom Group Inc. has a 12-month low of $65.32 and a 12-month high of $87.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The firm has a market capitalization of $17,269.21, a PE ratio of 14.52, a PEG ratio of 2.44 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were given a dividend of $0.60 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, December 18th. Omnicom Group’s payout ratio is presently 47.81%.
In related news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
A number of research firms have issued reports on OMC. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Barclays restated a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a research note on Thursday, January 25th. ValuEngine downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley boosted their price target on Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $83.64.
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About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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