Integrated Quantitative Investments LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,400 shares of the business services provider's stock, valued at approximately $379,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Public Sector Pension Investment Board boosted its stake in shares of Omnicom Group by 11.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,522 shares of the business services provider's stock worth $881,000 after acquiring an additional 900 shares during the last quarter. HighTower Advisors LLC increased its stake in Omnicom Group by 2.0% during the third quarter. HighTower Advisors LLC now owns 277,250 shares of the business services provider's stock worth $28,669,000 after acquiring an additional 5,329 shares during the last quarter. Janus Henderson Group PLC lifted its position in Omnicom Group by 4.4% in the third quarter. Janus Henderson Group PLC now owns 23,647 shares of the business services provider's stock worth $2,445,000 after buying an additional 1,000 shares during the last quarter. Investment Management Corp of Ontario lifted its stake in Omnicom Group by 51.4% in the third quarter. Investment Management Corp of Ontario now owns 6,483 shares of the business services provider's stock worth $670,000 after purchasing an additional 2,200 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of Omnicom Group in the third quarter worth about $252,000. Institutional investors own 91.97% of the company's stock.
Omnicom Group Price Performance
Shares of NYSE OMC traded down $3.74 on Thursday, hitting $72.79. The company's stock had a trading volume of 1,111,456 shares, compared to its average volume of 3,404,806. The stock has a 50 day moving average of $81.01 and a 200-day moving average of $90.74. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. 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 (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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.
Analysts Set New Price Targets
OMC has been the subject of a number of recent 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 reaffirmed 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 cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group has an average rating of "Hold" and a consensus target price of $104.43.
Read Our Latest Report on OMC
About Omnicom Group
(
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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