Stevens Capital Management LP Takes $883,000 Position in Omnicom Group Inc. (NYSE:OMC)

Stevens Capital Management LP purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,261 shares of the business services provider's stock, valued at approximately $883,000.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Omnicom Group by 2.4% during the fourth 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 buying an additional 156,438 shares during the period. Geode Capital Management LLC grew its holdings in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after buying an additional 72,447 shares during the last quarter. Cooke & Bieler LP increased its position in Omnicom Group by 3.9% in the 4th quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider's stock valued at $210,863,000 after acquiring an additional 92,685 shares during the period. Finally, Amundi raised its stake in Omnicom Group by 4.5% during the 4th quarter. Amundi now owns 1,693,256 shares of the business services provider's stock valued at $144,603,000 after acquiring an additional 72,924 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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Omnicom Group Price Performance

OMC stock traded up $0.95 during trading on Tuesday, reaching $80.38. 2,857,432 shares of the company were exchanged, compared to its average volume of 1,919,311. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. 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 market cap of $15.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98. The stock's 50 day moving average price is $83.62 and its 200 day moving average price is $92.94.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 business posted $2.20 EPS. As a group, analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OMC shares. Macquarie reissued an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, UBS Group reduced their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $105.75.

About Omnicom Group

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.