Oppenheimer & Co. Inc. Makes New $1.36 Million Investment in Omnicom Group Inc. (NYSE:OMC)

Oppenheimer & Co. Inc. acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,371 shares of the business services provider's stock, valued at approximately $1,357,000.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position 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 acquiring an additional 1,992,695 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $150,819,000. FMR LLC boosted its position in Omnicom Group by 250.1% in the fourth 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 during the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group in the 4th quarter worth approximately $79,321,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $0.07 during trading on Monday, reaching $71.29. 107,572 shares of the company's stock traded hands, compared to its average volume of 3,475,429. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The company has a 50-day simple moving average of $73.55 and a 200-day simple moving average of $79.42. The firm has a market cap of $13.91 billion, a PE ratio of 9.75, a P/E/G ratio of 1.57 and a beta of 0.93.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. As a group, 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. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. Omnicom Group's dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

Several research firms have recently commented on OMC. Citigroup reaffirmed a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a report on Monday, June 23rd. JPMorgan Chase & Co. cut their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group lowered their target price 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.43.

Omnicom Group 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.