Center For Asset Management LLC Acquires 146 Shares of Omnicom Group Inc. (NYSE:OMC)

Center For Asset Management LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,523 shares of the business services provider’s stock after acquiring an additional 146 shares during the period. Center For Asset Management LLC’s holdings in Omnicom Group were worth $389,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Resonant Capital Advisors LLC increased its position in Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after buying an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Omnicom Group by 17.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Omnicom Group by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after purchasing an additional 100 shares in the last quarter. Iowa State Bank boosted its stake in Omnicom Group by 0.4% in the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock worth $2,528,000 after purchasing an additional 101 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.5 %

Shares of NYSE:OMC opened at $86.60 on Monday. The company has a market capitalization of $16.90 billion, a PE ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The business has a 50 day moving average of $91.65 and a two-hundred day moving average of $96.41. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

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 given 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 yield of 3.23%. Omnicom Group’s dividend payout ratio is presently 38.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OMC shares. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company dropped 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. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.