Junto Capital Management LP increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,520 shares of the business services provider's stock after purchasing an additional 63,014 shares during the period. Junto Capital Management LP owned 0.28% of Omnicom Group worth $46,851,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the fourth quarter worth about $25,000. Venturi Wealth Management LLC grew its holdings in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its position in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. CoreCap Advisors LLC lifted its stake in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $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
A number of analysts have recently issued reports on the stock. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays dropped 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 note on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $101.29.
View Our Latest Analysis on Omnicom Group
Omnicom Group Stock Down 0.7 %
Shares of Omnicom Group stock opened at $75.94 on Friday. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. 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 stock has a 50 day moving average price of $77.45 and a two-hundred day moving average price of $86.55. The stock has a market capitalization of $14.82 billion, a P/E ratio of 10.19, a PEG ratio of 1.94 and a beta of 0.95.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.69%. Omnicom Group's dividend payout ratio is presently 38.30%.
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.
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