Crestline Management LP Raises Position in Omnicom Group Inc. (NYSE:OMC)

Crestline Management LP boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 157.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,580 shares of the business services provider's stock after acquiring an additional 5,853 shares during the quarter. Crestline Management LP's holdings in Omnicom Group were worth $824,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new position in shares of Omnicom Group during the 4th quarter valued at $1,118,000. Captrust Financial Advisors grew its stake in shares of Omnicom Group by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 12,604 shares of the business services provider's stock worth $1,084,000 after acquiring an additional 593 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth $150,819,000. Caxton Associates LP grew its stake in shares of Omnicom Group by 127.6% in the 4th quarter. Caxton Associates LP now owns 8,294 shares of the business services provider's stock worth $714,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Omnicom Group by 13.2% during the fourth quarter. Brown Advisory Inc. now owns 667,836 shares of the business services provider's stock valued at $57,461,000 after buying an additional 77,637 shares during the period. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research reports. Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. lowered 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. 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 research note on Wednesday, April 16th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Trading Down 0.2%

Shares of NYSE:OMC traded down $0.12 on Thursday, hitting $75.91. The company had a trading volume of 786,121 shares, compared to its average volume of 2,230,440. The firm's 50-day simple moving average is $77.07 and its two-hundred day simple moving average is $86.16. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Equities analysts anticipate 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. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend 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%.

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.