Alexander Randolph Advisory Inc. Takes $2.36 Million Position in Omnicom Group Inc. (NYSE:OMC)

Alexander Randolph Advisory Inc. purchased a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,293 shares of the business services provider's stock, valued at approximately $2,361,000. Omnicom Group accounts for approximately 2.1% of Alexander Randolph Advisory Inc.'s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. Aviva PLC lifted its position in shares of Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider's stock valued at $9,407,000 after acquiring an additional 101,348 shares during the period. NBC Securities Inc. acquired a new position in shares of Omnicom Group during the 3rd quarter valued at $200,000. Raymond James & Associates lifted its position in shares of Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider's stock valued at $37,471,000 after acquiring an additional 13,709 shares during the period. Arvest Investments Inc. acquired a new position in shares of Omnicom Group during the 4th quarter valued at $1,969,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider's stock valued at $5,752,000 after acquiring an additional 62,640 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BNP Paribas upgraded shares of Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 target price on the stock in a research report on Thursday, March 28th. Macquarie upped their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. UBS Group initiated coverage on shares of Omnicom Group in a report on Thursday, January 11th. They set a "buy" rating and a $117.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, April 17th. Finally, Moffett Nathanson upped their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.40.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Down 0.8 %

Shares of NYSE OMC traded down $0.82 during trading on Friday, hitting $95.89. The stock had a trading volume of 1,723,247 shares, compared to its average volume of 1,566,362. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. 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 company has a market capitalization of $18.78 billion, a PE ratio of 12.96, a PEG ratio of 2.25 and a beta of 0.97. The firm has a fifty day moving average of $92.40 and a two-hundred day moving average of $86.23.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 2.92%. Omnicom Group's payout ratio is currently 37.84%.

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.