Empowered Funds LLC grew its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 112,129 shares of the business services provider's stock after buying an additional 4,420 shares during the quarter. Empowered Funds LLC owned 0.06% of Omnicom Group worth $9,648,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atomi Financial Group Inc. acquired a new position in Omnicom Group during the 3rd quarter worth approximately $292,000. Brookstone Capital Management acquired a new position in shares of Omnicom Group during the third quarter worth $294,000. Wedmont Private Capital grew its stake in shares of Omnicom Group by 13.9% during the third quarter. Wedmont Private Capital now owns 4,379 shares of the business services provider's stock worth $442,000 after purchasing an additional 534 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Omnicom Group in the third quarter valued at $215,000. Finally, Ritholtz Wealth Management raised its stake in Omnicom Group by 1.9% in the third quarter. Ritholtz Wealth Management now owns 18,644 shares of the business services provider's stock valued at $1,928,000 after buying an additional 340 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
OMC has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Macquarie reiterated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group boosted their price objective 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. Wells Fargo & Company dropped their target price 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. Finally, Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $108.25.
Read Our Latest Report on Omnicom Group
Omnicom Group Stock Performance
OMC stock traded up $0.66 on Thursday, hitting $81.89. The company's stock had a trading volume of 3,358,189 shares, compared to its average volume of 2,492,710. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The firm has a 50 day moving average of $87.14 and a two-hundred day moving average of $95.75.
Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS 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 period in the previous year, the business earned $2.20 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.
Omnicom Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.42%. Omnicom Group's payout ratio is 37.58%.
Omnicom Group Profile
(
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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