Mirae Asset Global Investments Co. Ltd. increased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,089 shares of the business services provider's stock after purchasing an additional 3,793 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Omnicom Group were worth $1,994,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Old North State Wealth Management LLC boosted its holdings in Omnicom Group by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 19,962 shares of the business services provider's stock worth $1,719,000 after purchasing an additional 580 shares in the last quarter. Mather Group LLC. boosted its holdings in Omnicom Group by 14.0% in the fourth quarter. Mather Group LLC. now owns 2,752 shares of the business services provider's stock worth $237,000 after purchasing an additional 339 shares in the last quarter. Columbus Macro LLC boosted its holdings in Omnicom Group by 52.7% in the fourth quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider's stock worth $2,058,000 after purchasing an additional 8,260 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Omnicom Group by 29.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider's stock worth $549,000 after purchasing an additional 1,437 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in Omnicom Group in the fourth quarter worth $219,000. 91.97% of the stock is currently owned by institutional investors.
Omnicom Group Stock Performance
Shares of OMC traded up $0.34 during trading hours on Friday, reaching $82.28. 3,063,842 shares of the company traded hands, compared to its average volume of 2,511,745. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The stock has a market cap of $16.17 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The stock's fifty day moving average is $86.71 and its 200 day moving average is $95.65.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $2.20 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on OMC shares. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday. Macquarie reissued an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company cut their target price on shares of 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. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Barclays cut their target price 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $108.25.
Get Our Latest Analysis 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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