Gotham Asset Management LLC Boosts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Gotham Asset Management LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,741 shares of the business services provider's stock after buying an additional 56,438 shares during the quarter. Gotham Asset Management LLC owned approximately 0.12% of Omnicom Group worth $19,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of OMC. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC increased its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after buying an additional 200 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Finally, Whittier Trust Co. lifted its stake in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OMC. Barclays reduced their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Price Performance

Shares of OMC traded up $0.09 during trading hours on Tuesday, hitting $77.69. 156,628 shares of the company were exchanged, compared to its average volume of 2,217,886. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm's fifty day moving average is $77.36 and its 200 day moving average is $86.29.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.60%. Omnicom Group's dividend payout ratio is presently 38.30%.

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.