Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 701,362 shares of the business services provider's stock after acquiring an additional 23,411 shares during the quarter. Brandes Investment Partners LP owned 0.36% of Omnicom Group worth $60,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its stake in shares of Omnicom Group by 5.7% in 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 acquiring an additional 759,980 shares during the period. Bank of New York Mellon Corp boosted its holdings in Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after buying an additional 156,438 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after buying an additional 72,447 shares in the last quarter. Cooke & Bieler LP boosted its holdings in Omnicom Group by 3.9% during the fourth quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider's stock worth $210,863,000 after buying an additional 92,685 shares in the last quarter. Finally, Amundi boosted its holdings in Omnicom Group by 4.5% during the fourth quarter. Amundi now owns 1,693,256 shares of the business services provider's stock worth $144,603,000 after buying an additional 72,924 shares in 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 traded up $0.01 during midday trading on Wednesday, hitting $81.46. 2,731,330 shares of the company traded hands, compared to its average volume of 1,862,921. The business has a 50 day simple moving average of $83.83 and a two-hundred day simple moving average of $93.47. 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 has a market capitalization of $16.01 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

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 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 in the prior year, the company earned $2.20 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 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. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lowered 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 report on Tuesday, December 10th. Macquarie reissued an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.25.

Omnicom Group Company 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.