UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,444,296 shares of the business services provider's stock after buying an additional 216,635 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.74% of Omnicom Group worth $124,267,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings 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 valued at $28,000 after buying an additional 195 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings 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 purchasing an additional 200 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares during the last quarter. Whittier Trust Co. boosted its holdings in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Omnicom Group in the fourth quarter valued at $62,000. 91.97% of the stock is owned by hedge funds and other institutional investors.
Omnicom Group Stock Up 1.5%
OMC stock traded up $1.10 during midday trading on Tuesday, hitting $74.23. The company's stock had a trading volume of 1,932,019 shares, compared to its average volume of 2,265,623. 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 52-week low of $69.13 and a 52-week high of $107.00. The firm has a market capitalization of $14.48 billion, a P/E ratio of 9.96, a PEG ratio of 1.94 and a beta of 0.95. The firm has a 50-day simple moving average of $76.02 and a 200-day simple moving average of $84.37.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results 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. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Dividend Announcement
The firm also recently declared 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. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.77%. Omnicom Group's dividend payout ratio is presently 38.30%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on OMC shares. Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Barclays reduced their price target 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. Wells Fargo & Company cut their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One investment 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. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average price target of $101.29.
Check Out Our Latest Research Report on Omnicom Group
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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