AlphaQuest LLC Takes $362,000 Position in Omnicom Group Inc. (NYSE:OMC)

AlphaQuest LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,207 shares of the business services provider's stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. Summit Trail Advisors LLC lifted its position in shares of Omnicom Group by 1.8% during the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock worth $683,000 after purchasing an additional 113 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Omnicom Group by 1.9% in the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider's stock worth $652,000 after purchasing an additional 120 shares during the period. Sompo Asset Management Co. Ltd. increased its stake in Omnicom Group by 3.5% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider's stock valued at $400,000 after buying an additional 130 shares during the period. Center For Asset Management LLC raised its holdings in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after purchasing an additional 146 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after purchasing an additional 147 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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Omnicom Group Price Performance

Omnicom Group stock traded up $1.24 during trading hours on Tuesday, hitting $81.54. 3,726,659 shares of the stock were exchanged, compared to its average volume of 1,859,452. Omnicom Group Inc. has a 12 month low of $78.69 and a 12 month high of $107.00. The business's 50-day moving average is $83.89 and its two-hundred day moving average is $93.61. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $16.02 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned $2.20 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

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

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.