Empirical Finance LLC Purchases 5,231 Shares of Omnicom Group Inc. (NYSE:OMC)

Empirical Finance LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,578 shares of the business services provider's stock after purchasing an additional 5,231 shares during the quarter. Empirical Finance LLC's holdings in Omnicom Group were worth $1,598,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake 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 buying an additional 759,980 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC grew its stake in shares of Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after purchasing an additional 13,637 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider's stock worth $72,465,000 after purchasing an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider's stock valued at $71,878,000 after purchasing an additional 97,661 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Up 0.8 %

OMC traded up $0.66 during midday trading on Thursday, hitting $81.89. 3,358,189 shares of the company's stock traded hands, compared to its average volume of 2,492,710. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The company has a market cap of $16.09 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The stock's fifty day simple moving average is $87.14 and its 200-day simple moving average is $95.75.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $2.20 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.42%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

OMC has been the subject of a number of recent analyst reports. Macquarie reiterated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target 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 lowered their price objective 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $108.25.

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.