Foster & Motley Inc. Purchases 10,175 Shares of Omnicom Group Inc. (NYSE:OMC)

Foster & Motley Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,261 shares of the business services provider's stock after acquiring an additional 10,175 shares during the period. Foster & Motley Inc. owned 0.06% of Omnicom Group worth $9,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares during the period. Ronald Blue Trust Inc. grew its holdings in shares of Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider's stock worth $38,000 after acquiring an additional 199 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Omnicom Group by 116.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider's stock valued at $52,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 1.2 %

NYSE OMC traded up $1.15 during trading hours on Monday, hitting $93.77. The company had a trading volume of 1,892,894 shares, compared to its average volume of 1,650,565. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The firm's 50 day moving average is $91.65 and its 200 day moving average is $85.64.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the firm earned $2.09 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. Omnicom Group's dividend payout ratio is presently 37.84%.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on OMC. Moffett Nathanson upped their target price on Omnicom Group from $89.00 to $93.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised Omnicom Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on Omnicom Group from $104.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, April 17th. Finally, StockNews.com raised Omnicom Group from a "hold" rating to a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.40.

About Omnicom Group

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.