Commonwealth Equity Services LLC Purchases 6,285 Shares of Omnicom Group Inc. (NYSE:OMC)

Commonwealth Equity Services LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,075 shares of the business services provider's stock after acquiring an additional 6,285 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.05% of Omnicom Group worth $8,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock valued at $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. Bank of New York Mellon Corp raised its position in Omnicom Group by 2.4% during the fourth 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. Geode Capital Management LLC raised its position in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Cooke & Bieler LP raised its position in Omnicom Group by 3.9% during the fourth quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider's stock valued at $210,863,000 after acquiring an additional 92,685 shares in the last quarter. Finally, Amundi raised its position in Omnicom Group by 4.5% during the fourth quarter. Amundi now owns 1,693,256 shares of the business services provider's stock valued at $144,603,000 after acquiring an additional 72,924 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have commented on OMC shares. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Macquarie reiterated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.75.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $0.34 during midday trading on Friday, hitting $81.03. The company had a trading volume of 11,642,465 shares, compared to its average volume of 1,912,303. The business's 50 day simple moving average is $83.69 and its two-hundred day simple moving average is $93.12. The stock has a market cap of $15.92 billion, a PE ratio of 10.88, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $2.20 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced 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 yield of 3.46%. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

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.