Versant Capital Management Inc Has $27,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Versant Capital Management Inc raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 645.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 313 shares of the business services provider’s stock after buying an additional 271 shares during the quarter. Versant Capital Management Inc’s holdings in Omnicom Group were worth $27,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in OMC. State Street Corp grew its stake in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Geode Capital Management LLC grew its position in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after buying an additional 364,665 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Omnicom Group by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock valued at $127,398,000 after buying an additional 81,598 shares during the period. Finally, American Century Companies Inc. grew its position in Omnicom Group by 0.3% during the second quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider’s stock worth $89,517,000 after buying an additional 2,797 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. Barclays raised their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $84.60 on Wednesday. Omnicom Group Inc. has a 1-year low of $84.04 and a 1-year high of $107.00. The firm’s 50-day moving average price is $96.28 and its two-hundred day moving average price is $96.85. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 2.07 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the prior year, the company earned $1.86 EPS. On average, equities analysts predict that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.31%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

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.