Tower Research Capital LLC TRC Has $1.82 Million Position in Omnicom Group Inc. (NYSE:OMC)

Tower Research Capital LLC TRC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 87.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,108 shares of the business services provider's stock after purchasing an additional 9,861 shares during the period. Tower Research Capital LLC TRC's holdings in Omnicom Group were worth $1,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter worth approximately $25,000. Versant Capital Management Inc boosted 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 acquiring an additional 271 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 195 shares during the last quarter. Whittier Trust Co. raised its stake 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 acquiring an additional 323 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after purchasing an additional 490 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC opened at $73.25 on Wednesday. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two 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 stock has a fifty day moving average price of $79.22 and a 200-day moving average price of $88.99.

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

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OMC. Wells Fargo & Company dropped 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 report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, UBS Group reduced their price target 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $101.29.

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.

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