Jefferies Financial Group Inc. Grows Position in Omnicom Group Inc. (NYSE:OMC)

Jefferies Financial Group Inc. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 172.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,005 shares of the business services provider's stock after buying an additional 18,348 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Omnicom Group were worth $2,496,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OMC. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after buying an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Omnicom Group during the fourth quarter worth $150,819,000. FMR LLC grew 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 purchasing an additional 1,436,231 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Omnicom Group in the 4th quarter valued at $79,321,000. Institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays reduced their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Citigroup restated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. One equities 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 company. According to data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Price Performance

OMC traded down $0.72 during trading on Friday, reaching $73.39. 6,605,679 shares of the company were exchanged, compared to its average volume of 2,295,665. The company's 50-day moving average is $75.65 and its two-hundred day moving average is $84.02. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 9.85, 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 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business 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 is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Omnicom Group Company 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.