SG Americas Securities LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 81.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,006 shares of the business services provider's stock after buying an additional 55,586 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Omnicom Group worth $10,281,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Omnicom Group in the 4th quarter worth about $150,819,000. FMR LLC increased its stake in shares of Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after acquiring an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at $79,321,000. 91.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Wells Fargo & Company decreased 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. UBS Group decreased their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.
Check Out Our Latest Analysis on OMC
Omnicom Group Trading Down 3.0%
Shares of OMC stock traded down $2.17 during trading hours on Thursday, reaching $71.13. 10,728,719 shares of the stock were exchanged, compared to its average volume of 2,403,324. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company's 50-day moving average price is $74.33 and its 200-day moving average price is $82.20. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. 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 announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.73 billion. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.94%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.
About Omnicom Group
(
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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