Jefferies Financial Group Inc. Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Jefferies Financial Group Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 172.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,005 shares of the business services provider's stock after acquiring an additional 18,348 shares during the period. Jefferies Financial Group Inc.'s holdings in Omnicom Group were worth $2,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Massachusetts Financial Services Co. MA increased its position in shares of 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 fourth quarter worth $150,819,000. FMR LLC boosted its stake in shares of Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $79,321,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Omnicom Group stock traded up $0.69 during mid-day trading on Friday, hitting $76.98. The stock had a trading volume of 1,888,999 shares, compared to its average volume of 2,240,591. The firm's 50 day moving average is $76.78 and its 200 day moving average is $85.81. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The firm has a market capitalization of $15.02 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 0.95. 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 released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OMC shares. UBS Group cut their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. 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. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.