Atria Wealth Solutions Inc. Grows Holdings in Omnicom Group Inc. (NYSE:OMC)

Atria Wealth Solutions Inc. boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,465 shares of the business services provider’s stock after acquiring an additional 1,661 shares during the period. Atria Wealth Solutions Inc.’s holdings in Omnicom Group were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Venturi Wealth Management LLC lifted its holdings in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Truist Financial Corp raised its stake in Omnicom Group by 12.5% during the fourth quarter. Truist Financial Corp now owns 609,532 shares of the business services provider’s stock valued at $52,444,000 after buying an additional 67,816 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Omnicom Group by 1.5% in the fourth quarter. CIBC Asset Management Inc now owns 34,203 shares of the business services provider’s stock worth $2,943,000 after acquiring an additional 516 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Omnicom Group in the fourth quarter worth $62,000. Finally, Financiere des Professionnels Fonds d investissement inc. increased its holdings in shares of Omnicom Group by 36.7% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 76,153 shares of the business services provider’s stock valued at $6,552,000 after acquiring an additional 20,463 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $83.69 on Thursday. The firm has a fifty day simple moving average of $85.11 and a two-hundred day simple moving average of $95.00. The firm has a market cap of $16.44 billion, a PE ratio of 11.23, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 quarter in the previous year, the firm earned $2.20 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OMC. Wells Fargo & Company dropped 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 research note on Tuesday, December 10th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One investment 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. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.