GTS Securities LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 202.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,663 shares of the business services provider's stock after purchasing an additional 13,152 shares during the quarter. GTS Securities LLC's holdings in Omnicom Group were worth $1,692,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Omnicom Group during the fourth quarter valued at approximately $150,819,000. FMR LLC boosted its position 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 purchasing an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $79,321,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently commented on OMC shares. Wells Fargo & Company cut their price objective 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. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays decreased their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. UBS Group dropped their target price 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. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $101.29.
Read Our Latest Stock Analysis on OMC
Omnicom Group Stock Performance
Shares of NYSE OMC traded down $0.70 during mid-day trading on Thursday, reaching $73.36. 848,763 shares of the company were exchanged, compared to its average volume of 2,267,356. The stock has a market capitalization of $14.31 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The company's 50-day simple moving average is $75.75 and its 200-day simple moving average is $84.23.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.
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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