Susquehanna Fundamental Investments LLC Takes $5.80 Million Position in Omnicom Group Inc. (NYSE:OMC)

Susquehanna Fundamental Investments LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 67,440 shares of the business services provider's stock, valued at approximately $5,803,000.

Several other hedge funds have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc increased its stake in 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 buying an additional 271 shares during the period. Venturi Wealth Management LLC lifted its holdings in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. boosted its position in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued 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 Stock Down 2.0 %

Shares of NYSE OMC opened at $74.87 on Monday. The stock has a market cap of $14.61 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The business has a 50-day moving average price of $78.75 and a 200 day moving average price of $88.34.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Omnicom Group Company 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.

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