Cambridge Investment Research Advisors Inc. Has $2.79 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Cambridge Investment Research Advisors Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,676 shares of the business services provider's stock after selling 8,111 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Omnicom Group were worth $2,792,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Omnicom Group during the fourth quarter worth $150,819,000. FMR LLC raised its holdings in Omnicom Group by 250.1% during the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after buying an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after buying an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth about $79,321,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OMC. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, June 23rd. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company dropped their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and a consensus price target of $96.43.

Omnicom Group Price Performance

NYSE OMC traded down $0.50 during trading hours on Thursday, reaching $74.52. 2,279,945 shares of the company's stock were exchanged, compared to its average volume of 2,596,697. The firm has a fifty day moving average of $73.59 and a 200-day moving average of $79.23. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The stock has a market cap of $14.54 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24.

Omnicom Group (NYSE:OMC - Get Free Report) last announced 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 return on equity of 34.85% and a net margin of 9.20%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is presently 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.