Barclays PLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,168 shares of the business services provider's stock after acquiring an additional 9,555 shares during the period. Barclays PLC owned approximately 0.42% of Omnicom Group worth $71,338,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after purchasing an additional 99,424 shares during the period. Bank of New York Mellon Corp lifted its stake in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC boosted its position in Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after acquiring an additional 51,148 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. grew its stake in shares of Omnicom Group by 7.1% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock worth $292,698,000 after acquiring an additional 224,870 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company decreased their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup restated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Barclays dropped their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.29.
Read Our Latest Report on Omnicom Group
Omnicom Group Stock Performance
NYSE:OMC traded up $0.72 on Tuesday, hitting $72.81. The company's stock had a trading volume of 198,656 shares, compared to its average volume of 3,411,741. 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 Inc. has a one year low of $69.13 and a one year high of $107.00. The stock has a fifty day moving average of $79.39 and a two-hundred day moving average of $89.10. The firm has a market capitalization of $14.31 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.
Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion for 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%. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 38.30%.
About Omnicom Group
(
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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