Omnicom Group Inc. (NYSE:OMC) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,474 shares of the business services provider's stock after acquiring an additional 4,094 shares during the quarter. Sterling Capital Management LLC's holdings in Omnicom Group were worth $987,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA boosted its holdings in shares of Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares in the last quarter. FMR LLC grew its holdings in Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after purchasing an additional 1,436,231 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Omnicom Group during the fourth quarter valued at $79,321,000. Finally, Norges Bank bought a new stake in Omnicom Group in the fourth quarter worth $23,163,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

OMC traded up $1.92 during trading on Friday, reaching $73.16. 3,692,159 shares of the company's stock were exchanged, compared to its average volume of 2,174,802. The company's fifty day simple moving average is $79.57 and its 200-day simple moving average is $89.47. The stock has a market capitalization of $14.38 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year 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 released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of analyst reports. Barclays dropped their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

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.