Man Group plc Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Man Group plc lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 977.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,822 shares of the business services provider's stock after acquiring an additional 45,197 shares during the period. Man Group plc's holdings in Omnicom Group were worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OMC. Vanguard Group Inc. boosted its position in Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after buying an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp raised its position in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Omnicom Group by 50.1% during the 4th 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 during the period. Geode Capital Management LLC grew its position in shares of Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after buying an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after buying an additional 747,575 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC traded up $0.04 during trading hours on Friday, reaching $73.17. The stock had a trading volume of 2,302,027 shares, compared to its average volume of 2,266,965. The stock has a market cap of $14.28 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a 50 day simple moving average of $76.19 and a 200 day simple moving average of $84.87. 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 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given 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 3.83%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analysts Set New Price Targets

A number of analysts have weighed in on OMC shares. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. 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. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

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.