Greenup Street Wealth Management LLC Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Greenup Street Wealth Management LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,176 shares of the business services provider's stock, valued at approximately $2,005,000.

A number of other institutional investors have also added to or reduced their stakes in OMC. Lazard Asset Management LLC boosted its position in shares of Omnicom Group by 98.3% during the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider's stock valued at $225,842,000 after buying an additional 1,503,249 shares during the last quarter. Boston Partners boosted its position in shares of Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider's stock valued at $277,726,000 after buying an additional 664,800 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider's stock valued at $353,437,000 after buying an additional 374,874 shares during the last quarter. Northern Trust Corp lifted its holdings in Omnicom Group by 13.2% in the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider's stock valued at $192,976,000 after acquiring an additional 301,927 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in Omnicom Group in the fourth quarter valued at about $21,936,000. Institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OMC shares. Wells Fargo & Company raised Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. StockNews.com raised Omnicom Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. BNP Paribas raised Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. Barclays raised 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 research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.40.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the sale, the director now directly owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Trading Down 0.5 %

Omnicom Group stock traded down $0.52 during mid-day trading on Friday, hitting $96.13. The company's stock had a trading volume of 1,042,656 shares, compared to its average volume of 1,579,193. The company has a 50 day moving average of $94.15 and a 200-day moving average of $88.17. The stock has a market cap of $18.83 billion, a PE ratio of 12.99, a P/E/G ratio of 2.26 and a beta of 0.96. 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 one year low of $72.20 and a one year high of $99.23.

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

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group's dividend payout ratio (DPR) 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.