GAMMA Investing LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

GAMMA Investing LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 7,650.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,122 shares of the business services provider's stock after buying an additional 427,534 shares during the period. GAMMA Investing LLC owned approximately 0.22% of Omnicom Group worth $35,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. Venturi Wealth Management LLC lifted its position in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Omnicom Group by 153.8% in the fourth 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 last quarter. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after buying an additional 143 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

NYSE:OMC traded up $1.21 during trading hours on Friday, reaching $71.43. The company had a trading volume of 2,310,340 shares, compared to its average volume of 2,341,738. 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 Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.94 and a beta of 0.93. The firm's 50 day moving average price is $74.51 and its 200-day moving average price is $82.79.

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 net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

Several analysts recently issued reports on OMC shares. JPMorgan Chase & Co. cut their target price 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. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reiterated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, Barclays lowered their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

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.