Intercontinental Wealth Advisors LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,830 shares of the business services provider’s stock, valued at approximately $352,000.

A number of other large investors also recently bought and sold shares of the business. Scotia Capital Inc. raised its stake in Omnicom Group by 5.3% during the fourth quarter. Scotia Capital Inc. now owns 15,287 shares of the business services provider’s stock worth $1,113,000 after purchasing an additional 775 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Omnicom Group by 1.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,420 shares of the business services provider’s stock worth $3,735,000 after purchasing an additional 804 shares during the period. Creative Planning raised its stake in Omnicom Group by 17.4% during the fourth quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock worth $402,000 after purchasing an additional 817 shares during the period. Union Bankshares Corp raised its stake in Omnicom Group by 2.9% during the fourth quarter. Union Bankshares Corp now owns 29,208 shares of the business services provider’s stock worth $2,127,000 after purchasing an additional 830 shares during the period. Finally, MUFG Americas Holdings Corp raised its stake in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after purchasing an additional 847 shares during the period. 98.62% of the stock is currently owned by institutional investors.

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In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at approximately $3,293,370.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

A number of equities analysts have weighed in on OMC shares. Wells Fargo reaffirmed a “market perform” rating and set a $75.00 price target (down previously from $81.00) on shares of Omnicom Group in a research note on Thursday, January 18th. Macquarie downgraded shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada downgraded shares of Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price on the stock. in a research note on Friday, February 16th. Finally, Pivotal Research cut their target price on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.69.

Omnicom Group stock opened at $72.44 on Thursday. Omnicom Group Inc. has a one year low of $65.32 and a one year high of $86.71. The company has a market cap of $16,620.71, a price-to-earnings ratio of 14.29, a PEG ratio of 2.22 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. sell-side analysts forecast that Omnicom Group Inc. will post 5.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 51.72%.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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