3,336 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,336 shares of the business services provider's stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 645.2% during the 4th 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 period. Venturi Wealth Management LLC grew its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the period. Whittier Trust Co. grew its holdings in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the period. Finally, Trust Co. of Vermont raised its position in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after buying an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

NYSE OMC traded up $1.92 during trading hours on Friday, reaching $73.16. The company's stock had a trading volume of 3,692,159 shares, compared to its average volume of 2,174,802. The stock has a market cap of $14.38 billion, a PE ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. The business has a 50-day simple moving average of $79.57 and a 200 day simple moving average of $89.47. 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.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OMC. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Citigroup reiterated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Barclays cut their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

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.