Omnicom Group Inc. $OMC Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 2,407.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,494 shares of the business services provider’s stock after buying an additional 106,087 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Omnicom Group were worth $9,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Financial Network Inc. raised its holdings in Omnicom Group by 12.4% in the 3rd quarter. Focus Financial Network Inc. now owns 3,607 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 398 shares during the last quarter. BDF Gestion acquired a new position in shares of Omnicom Group during the 3rd quarter worth approximately $2,201,000. Rockingstone Advisors LLC purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $3,177,000. Board of the Pension Protection Fund increased its holdings in shares of Omnicom Group by 35.7% in the third quarter. Board of the Pension Protection Fund now owns 17,500 shares of the business services provider’s stock valued at $1,427,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Voya Financial Advisors Inc. boosted its stake in Omnicom Group by 28.1% during the third quarter. Voya Financial Advisors Inc. now owns 30,747 shares of the business services provider’s stock worth $2,433,000 after buying an additional 6,739 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 1.7%

Shares of OMC stock opened at $80.26 on Friday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $89.81. The firm has a market cap of $15.49 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. The company has a 50-day moving average of $75.53 and a two-hundred day moving average of $75.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the firm earned $2.03 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 19th. Omnicom Group’s payout ratio is currently 41.36%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent research reports. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. UBS Group upped their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Barclays lifted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Morgan Stanley started coverage on shares of Omnicom Group in a research note on Tuesday. They issued an “equal weight” rating and a $88.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Omnicom Group has a consensus rating of “Hold” and an average target price of $92.57.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.