Lido Advisors LLC Has $1.78 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Lido Advisors LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,473 shares of the business services provider's stock after purchasing an additional 5,708 shares during the period. Lido Advisors LLC's holdings in Omnicom Group were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Center For Asset Management LLC raised its stake in shares of Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after purchasing an additional 146 shares during the period. Smartleaf Asset Management LLC grew its stake 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 worth $105,000 after purchasing an additional 147 shares in the last quarter. MGO One Seven LLC raised its stake in Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after buying an additional 157 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock valued at $217,000 after acquiring an additional 161 shares during the last quarter. Finally, Convergence Financial LLC increased its stake in Omnicom Group by 6.5% during 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 last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 0.5 %

NYSE:OMC traded up $0.38 on Wednesday, hitting $76.35. 483,780 shares of the company's stock traded hands, compared to its average volume of 3,314,711. The company has a market cap of $14.90 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $77.77 and a 200-day moving average price of $87.09.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed 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 3.67%. Omnicom Group's payout ratio is 38.30%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays decreased their target price 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. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company lowered 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 note on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.