Occudo Quantitative Strategies LP Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Occudo Quantitative Strategies LP 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 Securities and Exchange Commission (SEC). The fund acquired 14,066 shares of the business services provider's stock, valued at approximately $1,210,000.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. grew its position in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. CoreCap Advisors LLC grew its position in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of 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 purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake 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 valued at $48,000 after acquiring an additional 490 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on 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. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. 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 report on Thursday, March 20th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Price Performance

NYSE:OMC traded down $0.23 on Monday, reaching $76.74. 345,826 shares of the company's stock traded hands, compared to its average volume of 2,238,000. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $85.59. The firm has a market cap of $14.97 billion, a PE ratio of 10.30, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. 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 will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.65%. Omnicom Group's dividend payout ratio (DPR) is presently 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.