Balyasny Asset Management L.P. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 364,460 shares of the business services provider's stock, valued at approximately $31,358,000. Balyasny Asset Management L.P. owned approximately 0.19% of Omnicom Group at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the fourth quarter valued at $25,000. Versant Capital Management Inc raised its stake in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 buying an additional 195 shares during the last quarter. Johnson Financial Group Inc. grew its stake in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Whittier Trust Co. lifted 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 worth $42,000 after purchasing an additional 323 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.
Omnicom Group Stock Performance
OMC traded down $0.52 during trading on Friday, reaching $75.94. The company's stock had a trading volume of 1,733,794 shares, compared to its average volume of 2,221,627. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company's fifty day moving average price is $77.45 and its 200-day moving average price is $86.65. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-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.
Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The company 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%. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
The company 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 of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. Omnicom Group's payout ratio is 38.30%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on OMC shares. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased 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 lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report 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 given a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.
View Our Latest Stock Report on Omnicom Group
Omnicom Group Profile
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Free Report)
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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