Castlekeep Investment Advisors LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,131 shares of the business services provider's stock, valued at approximately $1,732,000.
Several other hedge funds have also recently added to or reduced their stakes in OMC. Toronto Dominion Bank increased its holdings in shares of Omnicom Group by 1.2% in the 4th quarter. Toronto Dominion Bank now owns 87,032 shares of the business services provider's stock valued at $7,486,000 after acquiring an additional 1,071 shares during the last quarter. WCG Wealth Advisors LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth about $878,000. GTS Securities LLC boosted its position in shares of Omnicom Group by 202.0% in the 4th quarter. GTS Securities LLC now owns 19,663 shares of the business services provider's stock valued at $1,692,000 after purchasing an additional 13,152 shares during the period. Vise Technologies Inc. increased its position in Omnicom Group by 85.4% during the fourth quarter. Vise Technologies Inc. now owns 8,638 shares of the business services provider's stock worth $743,000 after buying an additional 3,980 shares during the period. Finally, Pinkerton Retirement Specialists LLC boosted its holdings in shares of Omnicom Group by 4.0% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 47,607 shares of the business services provider's stock valued at $4,096,000 after acquiring an additional 1,824 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.
Omnicom Group Price Performance
Shares of OMC traded down $0.71 during trading hours on Thursday, reaching $73.35. The company had a trading volume of 1,039,704 shares, compared to its average volume of 2,267,995. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The firm has a 50 day simple moving average of $75.75 and a 200-day simple moving average of $84.23. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.
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 analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.
Analyst Ratings Changes
OMC has been the topic of a number of recent research reports. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Barclays lowered their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. cut 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. Finally, 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. 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 stock. According to MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and an average target price of $101.29.
Check Out Our Latest Analysis on OMC
About Omnicom Group
(
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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