Hilltop National Bank Acquires 421 Shares of Omnicom Group Inc. (NYSE:OMC)

Hilltop National Bank grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,209 shares of the business services provider’s stock after acquiring an additional 421 shares during the quarter. Hilltop National Bank’s holdings in Omnicom Group were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $25,000. Diversified Trust Co boosted its position in shares of Omnicom Group by 8.1% in the fourth quarter. Diversified Trust Co now owns 42,385 shares of the business services provider’s stock valued at $3,647,000 after acquiring an additional 3,190 shares during the period. Fortem Financial Group LLC boosted its position in shares of Omnicom Group by 2.0% in the fourth quarter. Fortem Financial Group LLC now owns 31,940 shares of the business services provider’s stock valued at $2,748,000 after acquiring an additional 611 shares during the period. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Omnicom Group Price Performance

Shares of OMC stock opened at $82.07 on Friday. The stock’s fifty day moving average is $95.20 and its 200-day moving average is $96.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock has a market capitalization of $16.01 billion, a PE ratio of 11.21, a PEG ratio of 2.07 and a beta of 0.98. Omnicom Group Inc. has a 52 week low of $81.66 and a 52 week high of $107.00.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is 38.25%.

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.