Cullen Frost Bankers Inc. boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,159 shares of the business services provider's stock after acquiring an additional 8,681 shares during the period. Cullen Frost Bankers Inc. owned 0.09% of Omnicom Group worth $15,586,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Omnicom Group by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider's stock worth $353,437,000 after buying an additional 374,874 shares during the last quarter. Boston Partners raised its holdings in Omnicom Group by 21.7% in the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider's stock worth $277,726,000 after buying an additional 664,800 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Omnicom Group by 98.3% during the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider's stock valued at $225,842,000 after purchasing an additional 1,503,249 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Omnicom Group by 13.2% during the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider's stock valued at $192,976,000 after purchasing an additional 301,927 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Omnicom Group by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,894,753 shares of the business services provider's stock valued at $141,121,000 after purchasing an additional 58,943 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.
Omnicom Group Price Performance
Shares of OMC traded up $0.38 during mid-day trading on Wednesday, reaching $95.08. The stock had a trading volume of 1,594,793 shares, compared to its average volume of 1,649,909. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.18 and a beta of 0.96. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The business has a fifty day moving average of $93.12 and a 200 day moving average of $87.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.
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 analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.
Omnicom Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. Omnicom Group's dividend payout ratio is 37.84%.
Insider Buying and Selling
In related news, Director Linda Johnson Rice sold 507 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on OMC shares. BNP Paribas raised shares of Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, April 17th. Macquarie boosted their target price 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. StockNews.com upgraded shares of Omnicom Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. Finally, UBS Group assumed coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a "buy" rating and a $117.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $104.40.
Check Out Our Latest Stock Analysis on OMC
About Omnicom Group
(
Free Report)
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.
See Also
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