AQR Capital Management LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

AQR Capital Management LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,119 shares of the business services provider's stock after purchasing an additional 17,166 shares during the period. AQR Capital Management LLC's holdings in Omnicom Group were worth $4,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the 4th quarter worth about $25,000. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% during 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 during the period. Johnson Financial Group Inc. lifted its position in Omnicom Group by 153.8% during 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 period. Whittier Trust Co. boosted its holdings in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

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

Omnicom Group Price Performance

Shares of OMC stock traded down $0.52 on Friday, hitting $75.94. 1,733,794 shares of the stock traded hands, compared to its average volume of 2,226,417. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $77.45 and a two-hundred day simple moving average of $86.55. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced 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 business had revenue of $3.69 billion for 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%. As a group, equities research analysts predict 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. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is currently 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.