Apollon Wealth Management LLC Has $1.80 Million Position in Omnicom Group Inc. (NYSE:OMC)

Apollon Wealth Management LLC lifted its position in Omnicom Group Inc. (NYSE:OMC) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,771 shares of the business services provider’s stock after purchasing an additional 1,426 shares during the period. Apollon Wealth Management LLC’s holdings in Omnicom Group were worth $1,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after buying an additional 1,503,249 shares in the last quarter. Boston Partners increased its holdings in Omnicom Group by 21.7% in the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after purchasing an additional 664,800 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock worth $353,437,000 after purchasing an additional 374,874 shares during the period. Northern Trust Corp boosted its holdings in Omnicom Group by 13.2% in the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock worth $192,976,000 after acquiring an additional 301,927 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Omnicom Group during the 4th quarter valued at about $21,936,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OMC shares. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, March 28th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Tuesday. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, UBS Group started coverage on shares of Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.40.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Price Performance

NYSE:OMC traded down $0.10 during trading hours on Wednesday, hitting $94.60. 510,768 shares of the stock were exchanged, compared to its average volume of 1,637,579. The firm’s fifty day moving average price is $93.12 and its 200 day moving average price is $87.14. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The company has a market cap of $18.53 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the business posted $2.09 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s payout ratio is 37.84%.

Omnicom Group 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.