Aquatic Capital Management LLC Invests $8.67 Million in Omnicom Group Inc. (NYSE:OMC)

Aquatic Capital Management LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,800 shares of the business services provider's stock, valued at approximately $8,673,000. Aquatic Capital Management LLC owned 0.05% of Omnicom Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the topic of several recent analyst reports. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. UBS Group dropped their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $74.87 on Friday. The company has a market cap of $14.61 billion, a P/E ratio of 10.05, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The business's 50-day simple moving average is $78.75 and its 200 day simple moving average is $88.43. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's payout ratio is 38.30%.

Omnicom Group 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.

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