Artemis Investment Management LLP Buys New Stake in Omnicom Group Inc. (NYSE:OMC)

Artemis Investment Management LLP purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,959 shares of the business services provider's stock, valued at approximately $1,373,000.

Other large investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. raised its stake in Omnicom Group by 0.8% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 162,092 shares of the business services provider's stock valued at $13,946,000 after purchasing an additional 1,246 shares during the period. HF Advisory Group LLC grew its holdings in shares of Omnicom Group by 5.8% during the fourth quarter. HF Advisory Group LLC now owns 3,874 shares of the business services provider's stock valued at $333,000 after buying an additional 214 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Omnicom Group by 25.1% during the fourth quarter. HB Wealth Management LLC now owns 5,286 shares of the business services provider's stock valued at $455,000 after buying an additional 1,062 shares in the last quarter. Trust Co. of Vermont raised its position in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after buying an additional 490 shares during the period. Finally, Verity & Verity LLC purchased a new stake in Omnicom Group in the 4th quarter worth about $477,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OMC. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Macquarie reiterated an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays lifted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. UBS Group upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Omnicom Group Trading Down 0.5 %

Shares of NYSE:OMC opened at $85.41 on Monday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The firm has a fifty day moving average price of $93.30 and a 200 day moving average price of $96.57. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $16.66 billion, a PE ratio of 11.67, a P/E/G ratio of 1.73 and a beta of 0.98.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group's dividend payout ratio is 38.25%.

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.