Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Omnicom Group Inc. (NYSE:OMC) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,715 shares of the business services provider’s stock after purchasing an additional 3,379 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Omnicom Group were worth $5,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OMC. Olstein Capital Management L.P. lifted its position in Omnicom Group by 5.6% in the fourth quarter. Olstein Capital Management L.P. now owns 94,000 shares of the business services provider’s stock valued at $8,088,000 after purchasing an additional 5,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after buying an additional 156,173 shares during the period. GSB Wealth Management LLC boosted its stake in shares of Omnicom Group by 2.7% in the fourth quarter. GSB Wealth Management LLC now owns 8,503 shares of the business services provider’s stock valued at $732,000 after buying an additional 222 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after acquiring an additional 161 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Omnicom Group by 114.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,894 shares of the business services provider’s stock worth $1,798,000 after acquiring an additional 11,159 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

NYSE OMC opened at $86.60 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The business has a fifty day moving average of $91.65 and a 200-day moving average of $96.41. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

OMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays dropped their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $108.63.

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.