Jones Financial Companies Lllp Acquires 16,644 Shares of Omnicom Group Inc. (NYSE:OMC)

Jones Financial Companies Lllp lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 47.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,011 shares of the business services provider's stock after purchasing an additional 16,644 shares during the quarter. Jones Financial Companies Lllp's holdings in Omnicom Group were worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Omnicom Group in the third quarter worth $55,000. Finally, Trust Co. of Vermont raised its stake in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

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Omnicom Group Stock Performance

NYSE:OMC traded up $2.28 during mid-day trading on Friday, hitting $84.90. 7,341,236 shares of the company traded hands, compared to its average volume of 1,803,398. The stock's fifty day moving average price is $84.42 and its 200-day moving average price is $94.36. Omnicom Group Inc. has a one year low of $79.57 and a one year high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (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 quarter last year, the firm earned $2.20 earnings per share. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.30%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. Wells Fargo & Company decreased their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.