Janney Montgomery Scott LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 424.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,396 shares of the business services provider's stock after buying an additional 89,332 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Omnicom Group worth $9,153,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA lifted its stake in 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 buying an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Omnicom Group in the 4th quarter valued at approximately $150,819,000. FMR LLC lifted its stake in Omnicom Group by 250.1% in the 4th 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 stake in Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after buying an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Omnicom Group during the 4th quarter worth $79,321,000. Hedge funds and other institutional investors own 91.97% of the company's stock.
Omnicom Group Trading Up 1.0%
Shares of OMC stock traded up $0.71 on Friday, reaching $70.13. 8,876,313 shares of the stock were exchanged, compared to its average volume of 2,470,717. The stock has a market cap of $13.68 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $73.82 and a two-hundred day moving average of $80.38. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00.
Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data 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 34.85% and a net margin of 9.20%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. Omnicom Group's dividend payout ratio is presently 38.30%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company reduced their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Barclays reduced their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.
Read Our Latest Report on OMC
Omnicom Group Company Profile
(
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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