Caxton Associates LP boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 127.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,294 shares of the business services provider's stock after buying an additional 4,650 shares during the period. Caxton Associates LP's holdings in Omnicom Group were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 271 shares during the period. Venturi Wealth Management LLC increased 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 valued at $28,000 after acquiring an additional 195 shares during the period. Johnson Financial Group Inc. increased its position 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 acquiring an additional 200 shares during the period. Finally, Whittier Trust Co. increased its position 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 acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.
Omnicom Group Trading Up 2.0%
Shares of OMC stock traded up $1.51 during trading on Monday, hitting $77.46. 552,653 shares of the stock traded hands, compared to its average volume of 2,219,975. The firm has a market capitalization of $15.11 billion, a P/E ratio of 10.40, a price-to-earnings-growth 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's fifty day moving average price is $77.45 and its 200-day moving average price is $86.45. 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 posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.61%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on OMC shares. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company cut 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. Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays dropped their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.
Read Our Latest Stock Report on OMC
Omnicom Group Profile
(
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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