American National Bank & Trust Purchases New Stake in Omnicom Group Inc. (NYSE:OMC)

American National Bank & Trust acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,110 shares of the business services provider's stock, valued at approximately $507,000.

A number of other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares during the period. Smartleaf Asset Management LLC grew its holdings in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after purchasing an additional 147 shares during the period. MGO One Seven LLC grew its holdings in Omnicom Group by 3.2% in the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after purchasing an additional 157 shares during the period. Convergence Financial LLC grew its holdings in Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock valued at $232,000 after purchasing an additional 165 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on OMC. Citigroup reiterated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Barclays decreased their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Down 1.4%

Shares of OMC stock traded down $1.01 on Thursday, hitting $70.20. The stock had a trading volume of 2,421,653 shares, compared to its average volume of 2,332,358. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.94 and a beta of 0.93. The stock's 50 day moving average is $74.68 and its 200-day moving average is $82.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Omnicom Group 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.