HighTower Advisors LLC Purchases 14,637 Shares of Omnicom Group Inc. (NYSE:OMC)

HighTower Advisors LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 291,887 shares of the business services provider's stock after purchasing an additional 14,637 shares during the quarter. HighTower Advisors LLC owned approximately 0.15% of Omnicom Group worth $25,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. Trust Co. of Vermont boosted its stake in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Omnicom Group in the third quarter valued at about $55,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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 note on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.25.

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Omnicom Group Price Performance

Omnicom Group stock traded up $0.01 during midday trading on Wednesday, reaching $81.46. 2,731,330 shares of the stock were exchanged, compared to its average volume of 1,862,921. The company's fifty day moving average is $83.83 and its 200-day moving average is $93.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $16.01 billion, a PE ratio of 10.93, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 last year, the firm posted $2.20 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current 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 paid a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.44%. Omnicom Group's dividend payout ratio is presently 37.58%.

About Omnicom Group

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.