American Century Companies Inc. increased its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,018,687 shares of the business services provider's stock after buying an additional 150,105 shares during the quarter. American Century Companies Inc. owned about 0.52% of Omnicom Group worth $87,648,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. lifted its holdings in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Omnicom Group in the 3rd quarter worth approximately $55,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.
Omnicom Group Price Performance
Shares of NYSE OMC traded up $0.95 during midday trading on Tuesday, reaching $80.38. The company's stock had a trading volume of 2,869,420 shares, compared to its average volume of 1,920,253. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a 50 day moving average price of $83.62 and a 200 day moving average price of $92.94. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.
Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $2.20 earnings per share. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and an average target price of $105.75.
Read Our Latest Research Report on OMC
Omnicom Group Profile
(
Free Report)
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.
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