Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,052,379 shares of the business services provider's stock after buying an additional 295,223 shares during the quarter. Hsbc Holdings PLC owned 0.54% of Omnicom Group worth $90,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after acquiring an additional 13,637 shares during the last quarter. Virtu Financial LLC acquired a new position in Omnicom Group in the 3rd quarter valued at about $498,000. World Investment Advisors LLC raised its stake in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Arvest Bank Trust Division purchased a new position in Omnicom Group in the 3rd quarter valued at about $21,191,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Omnicom Group during the 3rd quarter worth about $740,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on OMC. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Trading Down 2.0 %

NYSE:OMC traded down $1.50 on Friday, hitting $74.87. 2,748,397 shares of the stock were exchanged, compared to its average volume of 2,197,412. The stock has a fifty day moving average of $78.75 and a 200-day moving average of $88.43. The stock has a market cap of $14.61 billion, a PE ratio of 10.05, a PEG ratio of 1.94 and a beta of 0.87. 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 fifty-two week low of $69.13 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion during 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%. As a group, equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Omnicom Group's payout ratio is 38.30%.

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.