Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Keybank National Association OH

Keybank National Association OH lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 25.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,820 shares of the business services provider's stock after acquiring an additional 4,035 shares during the period. Keybank National Association OH's holdings in Omnicom Group were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of 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 worth $1,468,615,000 after purchasing an additional 759,980 shares during the period. World Investment Advisors LLC raised its position in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider's stock worth $39,645,000 after buying an additional 374,952 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Omnicom Group during the 3rd quarter valued at approximately $21,191,000. Bank of New York Mellon Corp boosted its holdings in shares of Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider's stock valued at $42,634,000 after acquiring an additional 156,173 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

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Omnicom Group Price Performance

OMC stock traded up $0.62 during mid-day trading on Monday, reaching $85.62. The company's stock had a trading volume of 7,581,223 shares, compared to its average volume of 1,827,207. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company's 50 day moving average is $84.42 and its two-hundred day moving average is $94.33. Omnicom Group Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $107.00. The stock has a market cap of $16.82 billion, a PE ratio of 11.49, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $2.20 earnings per share. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

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 issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. Omnicom Group's dividend payout ratio is presently 37.58%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OMC shares. Macquarie restated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.25.

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.