Victory Capital Management Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 463,931 shares of the business services provider's stock after selling 35,458 shares during the quarter. Victory Capital Management Inc. owned about 0.24% of Omnicom Group worth $39,917,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC increased its stake in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after acquiring an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Omnicom Group in the third quarter valued at $713,000. Assetmark Inc. grew its stake in shares of Omnicom Group by 2.0% in the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock valued at $50,562,000 after buying an additional 9,774 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after buying an additional 8,643 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after buying an additional 38,022 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.
Omnicom Group Stock Up 2.8 %
NYSE OMC traded up $2.28 during trading on Friday, reaching $84.90. 7,341,236 shares of the company's stock were exchanged, compared to its average volume of 1,804,101. The stock has a market cap of $16.68 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a 50 day moving average price of $84.42 and a two-hundred day moving average price of $94.35. Omnicom Group Inc. has a 1 year low of $79.57 and a 1 year high of $107.00.
Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $2.20 earnings per share. On average, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.
Omnicom Group Dividend Announcement
The firm 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 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is 37.58%.
Analysts Set New Price Targets
OMC has been the subject of a number of research reports. Macquarie reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price objective 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. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $108.25.
Read Our Latest Stock Report on Omnicom Group
Omnicom Group Company Profile
(
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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