US Bancorp DE Has $10.78 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

US Bancorp DE cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 125,276 shares of the business services provider’s stock after selling 626 shares during the quarter. US Bancorp DE owned about 0.06% of Omnicom Group worth $10,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 102 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Omnicom Group by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider’s stock valued at $2,193,000 after acquiring an additional 423 shares in the last quarter. Van ECK Associates Corp lifted its stake in Omnicom Group by 2.4% in the 3rd quarter. Van ECK Associates Corp now owns 89,763 shares of the business services provider’s stock valued at $9,041,000 after acquiring an additional 2,140 shares in the last quarter. Angeles Wealth Management LLC bought a new stake in Omnicom Group in the 3rd quarter valued at approximately $261,000. Finally, BSW Wealth Partners bought a new stake in Omnicom Group in the 3rd quarter valued at approximately $253,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 2.5 %

OMC opened at $80.73 on Tuesday. Omnicom Group Inc. has a 1-year low of $80.08 and a 1-year high of $107.00. The stock’s fifty day simple moving average is $84.74 and its 200 day simple moving average is $94.73. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15.86 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period in the previous year, the firm posted $2.20 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. 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. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price objective on 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. Finally, JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.