Twin Capital Management Inc. Acquires New Holdings in Omnicom Group Inc. (NYSE:OMC)

Twin Capital Management Inc. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,299 shares of the business services provider's stock, valued at approximately $1,150,000.

Several other large investors have also recently made changes to their positions in the business. OFI Invest Asset Management purchased a new position in shares of Omnicom Group in the third quarter worth $25,000. Pinnacle Bancorp Inc. boosted its holdings in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. KB Financial Partners LLC boosted its holdings in Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider's stock valued at $31,000 after acquiring an additional 305 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Omnicom Group by 1,805.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider's stock valued at $31,000 after acquiring an additional 307 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its holdings in Omnicom Group by 64.4% in the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider's stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Stock Performance

Omnicom Group stock traded up $1.12 during midday trading on Friday, hitting $92.62. The stock had a trading volume of 2,355,366 shares, compared to its average volume of 1,647,366. The firm's fifty day moving average is $91.51 and its two-hundred day moving average is $85.32. The company has a market capitalization of $18.26 billion, a PE ratio of 12.52, a P/E/G ratio of 2.21 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the company posted $2.09 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.02%. Omnicom Group's payout ratio is 37.84%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a "buy" rating and a $117.00 price target for the company. BNP Paribas raised shares of Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, April 2nd. Finally, Barclays upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $103.40.

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.