NBC Securities Inc. Acquires 23,617 Shares of Omnicom Group Inc. (NYSE:OMC)

NBC Securities Inc. boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 147,606.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,633 shares of the business services provider's stock after buying an additional 23,617 shares during the quarter. NBC Securities Inc.'s holdings in Omnicom Group were worth $1,959,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 143 shares during the period. CoreCap Advisors LLC increased its stake in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.3%

NYSE:OMC traded down $0.21 on Wednesday, hitting $71.25. The stock had a trading volume of 2,666,528 shares, compared to its average volume of 2,323,179. The business's fifty day moving average is $75.11 and its 200 day moving average is $83.25. The company has a market cap of $13.90 billion, a PE ratio of 9.56, 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. 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 quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared 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 dividend yield of 3.93%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on 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 target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on 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 given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and an average price target of $101.29.

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.