Castlekeep Investment Advisors LLC Invests $150.82 Million in Omnicom Group Inc. (NYSE:OMC)

Castlekeep Investment Advisors LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,752,893 shares of the business services provider's stock, valued at approximately $150,819,000. Omnicom Group makes up approximately 1.0% of Castlekeep Investment Advisors LLC's holdings, making the stock its 29th largest holding. Castlekeep Investment Advisors LLC owned approximately 0.89% of Omnicom Group at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP increased its holdings in shares of Omnicom Group by 127.6% during the fourth quarter. Caxton Associates LP now owns 8,294 shares of the business services provider's stock valued at $714,000 after acquiring an additional 4,650 shares in the last quarter. Brown Advisory Inc. increased its stake in Omnicom Group by 13.2% during the 4th quarter. Brown Advisory Inc. now owns 667,836 shares of the business services provider's stock valued at $57,461,000 after purchasing an additional 77,637 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Omnicom Group during the 4th quarter valued at $31,358,000. Baird Financial Group Inc. raised its holdings in Omnicom Group by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 2,696,545 shares of the business services provider's stock worth $232,011,000 after buying an additional 86,229 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its stake in shares of Omnicom Group by 22.7% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 2,618 shares of the business services provider's stock valued at $225,000 after buying an additional 484 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OMC. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group lowered their price objective 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. JPMorgan Chase & Co. cut their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Up 1.7 %

OMC stock opened at $77.04 on Monday. The stock has a market cap of $15.03 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock's fifty day simple moving average is $78.02 and its two-hundred day simple moving average is $87.35. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly 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. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. Omnicom Group's payout ratio is currently 38.30%.

Omnicom Group 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.

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