Russell Investments Group Ltd. Acquires 10,972 Shares of Omnicom Group Inc. (NYSE:OMC)

Russell Investments Group Ltd. grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 366,851 shares of the business services provider's stock after buying an additional 10,972 shares during the period. Russell Investments Group Ltd. owned 0.19% of Omnicom Group worth $31,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Omnicom Group in the fourth quarter worth about $13,204,000. Aviva PLC grew its position in shares of Omnicom Group by 37.4% during the 4th quarter. Aviva PLC now owns 117,899 shares of the business services provider's stock worth $10,144,000 after buying an additional 32,073 shares during the period. KCM Investment Advisors LLC raised its stake in shares of Omnicom Group by 4.2% during the fourth quarter. KCM Investment Advisors LLC now owns 24,375 shares of the business services provider's stock worth $2,097,000 after buying an additional 972 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Omnicom Group in the fourth quarter valued at approximately $5,216,000. Finally, Integrated Quantitative Investments LLC acquired a new position in Omnicom Group in the fourth quarter valued at approximately $379,000. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on OMC shares. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Barclays dropped their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $104.43.

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Omnicom Group Stock Up 2.1 %

Shares of OMC stock traded up $1.58 during trading hours on Friday, hitting $75.56. 3,018,198 shares of the company were exchanged, compared to its average volume of 2,146,850. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. 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 business has a 50 day moving average of $80.50 and a two-hundred day moving average of $90.29. The company has a market capitalization of $14.85 billion, a PE ratio of 10.14, a PEG ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last released its 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 previous year, the firm posted $2.20 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's dividend payout ratio 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.