8,150 Shares in Omnicom Group Inc. $OMC Bought by Bard Financial Services Inc.

Bard Financial Services Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the third quarter, HoldingsChannel.com reports. The firm purchased 8,150 shares of the business services provider’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC raised its holdings in shares of Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after purchasing an additional 318 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new stake in Omnicom Group during the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in Omnicom Group during the 2nd quarter worth approximately $37,000. Finally, MUFG Securities EMEA plc purchased a new position in Omnicom Group in the second quarter valued at approximately $42,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Morgan Stanley started coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Barclays upped their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.57.

Omnicom Group Stock Performance

Omnicom Group stock opened at $80.04 on Friday. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $89.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75. The firm’s fifty day moving average price is $75.72 and its 200 day moving average price is $75.37.

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

Omnicom Group Increases Dividend

The firm also recently disclosed 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 is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. Omnicom Group’s payout ratio is 47.27%.

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.