Vise Technologies Inc. Buys 3,980 Shares of Omnicom Group Inc. (NYSE:OMC)

Vise Technologies Inc. lifted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 85.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,638 shares of the business services provider's stock after acquiring an additional 3,980 shares during the period. Vise Technologies Inc.'s holdings in Omnicom Group were worth $743,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new position in Omnicom Group in the 4th quarter worth approximately $366,000. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider's stock worth $42,634,000 after acquiring an additional 156,173 shares during the last quarter. Vest Financial LLC boosted its position in shares of Omnicom Group by 41.1% during the fourth quarter. Vest Financial LLC now owns 393,490 shares of the business services provider's stock worth $33,856,000 after acquiring an additional 114,703 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Omnicom Group by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider's stock worth $8,549,000 after acquiring an additional 9,590 shares during the last quarter. Finally, Choreo LLC boosted its position in shares of Omnicom Group by 77.1% during the fourth quarter. Choreo LLC now owns 10,267 shares of the business services provider's stock worth $881,000 after acquiring an additional 4,469 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 0.3%

Shares of NYSE:OMC traded down $0.22 during trading on Wednesday, hitting $74.03. The company had a trading volume of 3,366,938 shares, compared to its average volume of 2,272,687. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The company has a fifty day simple moving average of $75.89 and a two-hundred day simple moving average of $84.30. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

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 during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company dropped their price target 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. Barclays dropped their price target 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. Citigroup reiterated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Company 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.