Hussman Strategic Advisors Inc. Takes $2.17 Million Position in Omnicom Group Inc. (NYSE:OMC)

Hussman Strategic Advisors Inc. purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,200 shares of the business services provider's stock, valued at approximately $2,168,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after acquiring an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Omnicom Group during the 3rd quarter worth $713,000. Thrivent Financial for Lutherans boosted its position in Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after buying an additional 8,643 shares during the last quarter. Assetmark Inc. boosted its position in Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock valued at $50,562,000 after buying an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after buying an additional 38,022 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on OMC. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Macquarie restated an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

Omnicom Group Stock Down 1.6 %

OMC stock traded down $1.34 during midday trading on Friday, hitting $82.27. The company's stock had a trading volume of 2,198,586 shares, compared to its average volume of 2,530,070. The company's fifty day moving average price is $85.60 and its 200 day moving average price is $95.21. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market capitalization of $16.16 billion, a P/E ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $2.20 EPS. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's payout ratio is presently 37.58%.

About Omnicom Group

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.