Marshall Wace LLP Buys Shares of 35,041 Omnicom Group Inc. (NYSE:OMC)

Marshall Wace LLP purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,041 shares of the business services provider's stock, valued at approximately $3,015,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Center For Asset Management LLC lifted its position in shares of Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after buying an additional 146 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after acquiring an additional 147 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Omnicom Group by 6.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after purchasing an additional 161 shares during the last quarter. Convergence Financial LLC increased its position in shares of Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock worth $232,000 after purchasing an additional 165 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its holdings in Omnicom Group by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock valued at $559,000 after purchasing an additional 182 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. Citigroup reaffirmed a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Barclays reduced their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Trading Up 1.4 %

NYSE OMC traded up $1.05 during trading hours on Friday, hitting $76.80. The company's stock had a trading volume of 308,469 shares, compared to its average volume of 3,364,003. The stock has a fifty day moving average of $78.15 and a 200 day moving average of $87.79. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The firm has a market capitalization of $14.98 billion, a P/E ratio of 10.30, a PEG ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.65%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's payout ratio is 38.30%.

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.