Radnor Capital Management LLC Has $423,000 Position in Omnicom Group Inc. (NYSE:OMC)

Radnor Capital Management LLC reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,100 shares of the business services provider’s stock after selling 150 shares during the quarter. Radnor Capital Management LLC’s holdings in Omnicom Group were worth $423,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Procyon Advisors LLC acquired a new stake in shares of Omnicom Group during the first quarter worth approximately $1,776,000. Curat Global LLC bought a new position in Omnicom Group during the first quarter valued at approximately $512,000. HF Advisory Group LLC raised its position in Omnicom Group by 25.1% during the first quarter. HF Advisory Group LLC now owns 4,847 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 973 shares in the last quarter. Financial Advisory Partners LLC raised its position in Omnicom Group by 62.0% during the first quarter. Financial Advisory Partners LLC now owns 26,968 shares of the business services provider’s stock valued at $2,236,000 after acquiring an additional 10,324 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in Omnicom Group during the first quarter valued at approximately $47,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on OMC. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, UBS Group dropped their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Trading Up 1.7%

NYSE:OMC opened at $71.43 on Friday. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $74.51 and its 200-day moving average is $82.68.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 38.30%.

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.