Omnicom Group Inc. (NYSE:OMC) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,168 shares of the business services provider's stock after purchasing an additional 10,882 shares during the period. Quantinno Capital Management LP's holdings in Omnicom Group were worth $2,768,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock valued at $84,741,000 after buying an additional 13,637 shares in the last quarter. Park Avenue Securities LLC raised its position in Omnicom Group by 29.3% during the 4th quarter. Park Avenue Securities LLC now owns 13,121 shares of the business services provider's stock worth $1,129,000 after buying an additional 2,970 shares during the last quarter. Merit Financial Group LLC raised its holdings in Omnicom Group by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 2,971 shares of the business services provider's stock worth $256,000 after purchasing an additional 740 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after buying an additional 490 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of Omnicom Group by 25.1% during the 4th quarter. HB Wealth Management LLC now owns 5,286 shares of the business services provider's stock worth $455,000 after purchasing an additional 1,062 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered 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. Barclays dropped their target price 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 cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Citigroup reaffirmed a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Up 0.1%

Shares of NYSE:OMC traded up $0.04 during trading on Monday, hitting $73.17. The company's stock had a trading volume of 2,302,027 shares, compared to its average volume of 2,266,965. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The stock's 50-day moving average price is $76.19 and its two-hundred day moving average price is $84.59. The company has a market capitalization of $14.28 billion, a PE ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

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 issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.83%. Omnicom Group's dividend payout ratio is presently 38.30%.

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.