International Assets Investment Management LLC Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

International Assets Investment Management LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8,551.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,959 shares of the business services provider's stock after purchasing an additional 7,867 shares during the quarter. International Assets Investment Management LLC's holdings in Omnicom Group were worth $689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Omnicom Group during the 3rd quarter worth approximately $25,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $38,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider's stock worth $52,000 after buying an additional 323 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Omnicom Group by 49.2% in the fourth quarter. Blue Trust Inc. now owns 758 shares of the business services provider's stock valued at $66,000 after acquiring an additional 250 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Omnicom Group by 22.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,055 shares of the business services provider's stock valued at $81,000 after acquiring an additional 195 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 0.5 %

Shares of Omnicom Group stock traded down $0.52 on Friday, hitting $96.13. The stock had a trading volume of 1,042,656 shares, compared to its average volume of 1,579,193. 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 Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The stock has a 50 day moving average of $94.15 and a 200 day moving average of $88.36. The firm has a market capitalization of $18.83 billion, a P/E ratio of 12.99, a PEG ratio of 2.25 and a beta of 0.96.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.15. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts expect that Omnicom Group Inc. will post 7.84 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.91%. Omnicom Group's dividend payout ratio (DPR) is 37.84%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com raised shares of Omnicom Group from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. BNP Paribas raised Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on Omnicom Group from $104.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, April 17th. Finally, Barclays upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $104.40.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the sale, the director now owns 9,830 shares of the company's stock, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

About Omnicom Group

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.