Kestra Private Wealth Services LLC Has $461,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Kestra Private Wealth Services LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,353 shares of the business services provider’s stock after acquiring an additional 336 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Omnicom Group were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp raised its position in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Geode Capital Management LLC raised its position in Omnicom Group by 1.4% during 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. Barclays PLC raised its position in Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the last quarter. Bank of Montreal Can raised its position in shares of Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after acquiring an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after acquiring an additional 97,661 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $82.28 on Friday. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The business has a 50-day simple moving average of $86.29 and a 200 day simple moving average of $95.56.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the firm posted $2.20 EPS. On average, research analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Omnicom Group Company 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.