Dynamic Advisor Solutions LLC Has $696,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Posted by on Mar 24th, 2023

Dynamic Advisor Solutions LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,527 shares of the business services provider’s stock after acquiring an additional 303 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Omnicom Group were worth $696,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at about $27,000. Hexagon Capital Partners LLC raised its stake in shares of Omnicom Group by 112.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 691 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 366 shares during the period. Private Trust Co. NA acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at about $44,000. Parkside Financial Bank & Trust raised its stake in shares of Omnicom Group by 30.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 908 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 214 shares during the period. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at about $83,000. 90.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

OMC has been the topic of several recent research reports. Morgan Stanley raised Omnicom Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $95.00 in a research note on Wednesday, February 8th. StockNews.com started coverage on Omnicom Group in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Barclays lifted their target price on Omnicom Group from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Wells Fargo & Company lifted their target price on Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Finally, JPMorgan Chase & Co. lifted their target price on Omnicom Group from $91.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Hold” and an average price target of $97.33.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $88.63 on Friday. The business’s 50 day moving average price is $88.98 and its two-hundred day moving average price is $78.95. The company has a market cap of $17.97 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.84 and a beta of 0.83. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.48. Omnicom Group Inc. has a twelve month low of $61.31 and a twelve month high of $96.52.

Omnicom Group (NYSE:OMC – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The business services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.75 billion. Omnicom Group had a return on equity of 41.20% and a net margin of 9.21%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 7.17 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is presently 43.96%.

About Omnicom Group

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.

See Also

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

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