Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,052,379 shares of the business services provider's stock after buying an additional 295,223 shares during the quarter. Hsbc Holdings PLC owned 0.54% of Omnicom Group worth $90,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after acquiring an additional 99,424 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Omnicom Group by 50.1% in 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 in the last quarter. Geode Capital Management LLC raised its stake in Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after acquiring an additional 51,148 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Omnicom Group by 23.8% during the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after purchasing an additional 747,575 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.8 %

Shares of NYSE OMC traded up $0.60 during mid-day trading on Tuesday, reaching $76.05. The company had a trading volume of 792,514 shares, compared to its average volume of 2,190,882. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The business's 50-day moving average is $78.59 and its 200-day moving average is $88.15. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. 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 (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.68%. Omnicom Group's payout ratio is 38.30%.

Analysts Set New Price Targets

Several brokerages have recently commented on OMC. Wells Fargo & Company lowered their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.