Choreo LLC Has $881,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Choreo LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 77.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,267 shares of the business services provider's stock after acquiring an additional 4,469 shares during the period. Choreo LLC's holdings in Omnicom Group were worth $881,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock worth $613,000 after buying an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock worth $66,000 after buying an additional 97 shares during the period. Integrated Advisors Network LLC grew its position in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC grew its position in shares of Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock worth $514,000 after buying an additional 102 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock worth $683,000 after buying an additional 113 shares during the period. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OMC. UBS Group lifted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective 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. Macquarie reissued an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays reduced their price objective 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, Wells Fargo & Company cut their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Stock Up 0.8 %

Shares of NYSE OMC traded up $0.66 during midday trading on Thursday, reaching $81.89. The company's stock had a trading volume of 3,358,189 shares, compared to its average volume of 2,492,710. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 0.97. The stock has a 50 day simple moving average of $87.14 and a 200-day simple moving average of $95.75.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $2.20 EPS. Equities research analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.42%. Omnicom Group's dividend payout ratio (DPR) 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.