AlTi Global Inc. Takes $285,000 Position in Omnicom Group Inc. (NYSE:OMC)

AlTi Global Inc. purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,282 shares of the business services provider's stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its holdings 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 purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% in the 4th 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. Finally, Whittier Trust Co. increased its position in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Down 0.7 %

OMC stock traded down $0.52 during midday trading on Friday, reaching $75.94. 1,733,794 shares of the company's stock traded hands, compared to its average volume of 2,226,417. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95. The firm's fifty day moving average price is $77.45 and its 200-day moving average price is $86.55. 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 (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OMC. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup restated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

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.