Aigen Investment Management LP Purchases New Holdings in Omnicom Group Inc. (NYSE:OMC)

Aigen Investment Management LP purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,240 shares of the business services provider's stock, valued at approximately $279,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Omnicom Group during the fourth quarter worth about $5,125,000. Assetmark Inc. lifted its stake in Omnicom Group by 10.2% during the fourth quarter. Assetmark Inc. now owns 538,813 shares of the business services provider's stock worth $46,359,000 after purchasing an additional 49,774 shares during the last quarter. Keybank National Association OH lifted its stake in Omnicom Group by 25.6% during the fourth quarter. Keybank National Association OH now owns 19,820 shares of the business services provider's stock worth $1,705,000 after purchasing an additional 4,035 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Omnicom Group by 40.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 11,012 shares of the business services provider's stock worth $946,000 after purchasing an additional 3,147 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Omnicom Group during the fourth quarter worth about $78,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 2.8 %

Shares of NYSE:OMC traded up $2.28 on Friday, hitting $84.90. The company had a trading volume of 7,341,236 shares, compared to its average volume of 1,804,101. The firm's 50-day simple moving average is $84.42 and its two-hundred day simple moving average is $94.35. Omnicom Group Inc. has a 1 year low of $79.57 and a 1 year high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98.

Remove Ads

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business posted $2.20 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group's dividend payout ratio is 37.58%.

Analyst Ratings Changes

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

Omnicom Group Company Profile

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.