14,316 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 14,316 shares of the business services provider's stock, valued at approximately $1,232,000.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. State Street Corp grew its holdings in Omnicom Group by 5.7% during 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 grew its stake in shares of Omnicom Group by 2.4% in the 4th 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 purchasing an additional 156,438 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Cooke & Bieler LP lifted its stake 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 valued at $210,863,000 after purchasing an additional 92,685 shares during the last quarter. Finally, Amundi lifted its stake in Omnicom Group by 4.5% during the fourth quarter. Amundi now owns 1,693,256 shares of the business services provider's stock valued at $144,603,000 after purchasing an additional 72,924 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on OMC. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Macquarie restated an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Hold" and an average price target of $104.43.

Omnicom Group Stock Performance

Shares of NYSE OMC traded down $0.39 during trading hours on Friday, hitting $80.24. 2,136,857 shares of the stock were exchanged, compared to its average volume of 2,024,320. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The company's 50 day moving average is $83.24 and its 200 day moving average is $92.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market capitalization of $15.77 billion, a P/E ratio of 10.77, a P/E/G 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 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 quarter in the previous year, the business earned $2.20 earnings per share. On average, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

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 issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.