Principal Securities Inc. Invests $1.54 Million in Omnicom Group Inc. (NYSE:OMC)

Principal Securities Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,820 shares of the business services provider's stock, valued at approximately $1,542,000.

A number of other large investors also recently modified their holdings of OMC. Greenleaf Trust increased its holdings in Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider's stock valued at $1,932,000 after buying an additional 119 shares during the period. Cambridge Trust Co. boosted its stake in Omnicom Group by 4.2% in the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider's stock valued at $258,000 after buying an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Omnicom Group by 2.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider's stock valued at $428,000 after acquiring an additional 124 shares during the period. Pinnacle Bancorp Inc. raised its stake in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Finally, Czech National Bank raised its stake in Omnicom Group by 0.4% during the fourth quarter. Czech National Bank now owns 34,666 shares of the business services provider's stock worth $2,999,000 after acquiring an additional 134 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on OMC. Moffett Nathanson upped their target price 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. Barclays raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $100.00 to $110.00 in a report on Tuesday. StockNews.com raised Omnicom Group from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. BNP Paribas raised Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Finally, Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.40.

Insider Activity

In other news, Director Linda Johnson Rice sold 453 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Trading Up 0.1 %

NYSE:OMC traded up $0.13 on Friday, hitting $95.82. 1,029,220 shares of the stock were exchanged, compared to its average volume of 1,847,182. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.24 and a beta of 0.96. The company's 50-day moving average price is $93.56 and its 200 day moving average price is $87.39.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.58 billion. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group's payout ratio is 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.