ProShare Advisors LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

ProShare Advisors LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,774 shares of the business services provider's stock after purchasing an additional 4,484 shares during the quarter. ProShare Advisors LLC's holdings in Omnicom Group were worth $3,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Center For Asset Management LLC increased its stake in shares of Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after acquiring an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after purchasing an additional 147 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after purchasing an additional 157 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after buying an additional 161 shares during the last quarter. Finally, Convergence Financial LLC increased its position in Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock valued at $232,000 after buying an additional 165 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 0.0%

Omnicom Group stock opened at $76.95 on Tuesday. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The firm has a 50 day moving average of $76.72 and a 200 day moving average of $85.42. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. As a group, research 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 disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OMC. Barclays lowered their price target on 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 lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $101.29.

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.

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