Compagnie Lombard Odier SCmA boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 83.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,810 shares of the business services provider's stock after buying an additional 3,557 shares during the period. Compagnie Lombard Odier SCmA's holdings in Omnicom Group were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH grew its position in shares of Omnicom Group by 4.9% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 395,316 shares of the business services provider's stock valued at $32,776,000 after purchasing an additional 18,615 shares in the last quarter. Fifth Third Bancorp boosted its stake in Omnicom Group by 13.9% in the 1st quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock worth $618,000 after purchasing an additional 913 shares during the period. Focus Financial Network Inc. purchased a new position in Omnicom Group during the 1st quarter valued at about $207,000. CX Institutional grew its holdings in Omnicom Group by 6.8% during the 1st quarter. CX Institutional now owns 4,394 shares of the business services provider's stock valued at $364,000 after buying an additional 281 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Omnicom Group by 81.2% during the first quarter. SG Americas Securities LLC now owns 124,006 shares of the business services provider's stock valued at $10,281,000 after buying an additional 55,586 shares during the period. Institutional investors own 91.97% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on OMC. Citigroup restated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" 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 on the stock in a research report on Thursday, March 20th. Finally, Barclays reduced their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average price target of $101.29.
Read Our Latest Report on OMC
Omnicom Group Price Performance
Shares of Omnicom Group stock traded down $1.77 on Friday, hitting $69.42. 3,958,703 shares of the company traded hands, compared to its average volume of 2,412,884. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. 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 company has a market cap of $13.54 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.94 and a beta of 0.93. The firm's 50-day simple moving average is $74.32 and its 200 day simple moving average is $81.97.
Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating 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 business 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 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. Omnicom Group's dividend payout ratio is 38.30%.
Omnicom Group Company Profile
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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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