One68 Global Capital LLC Takes $946,000 Position in Omnicom Group Inc. (NYSE:OMC)

One68 Global Capital LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,000 shares of the business services provider's stock, valued at approximately $946,000.

Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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 buying an additional 195 shares during the period. Johnson Financial Group Inc. raised its holdings in Omnicom Group by 153.8% in the 4th 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 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 buying an additional 323 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Up 1.7 %

NYSE OMC traded up $1.29 during trading hours on Friday, hitting $77.04. 2,636,986 shares of the company's stock were exchanged, compared to its average volume of 2,217,330. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $78.02 and a 200 day simple moving average of $87.60. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.94 and a beta of 0.87.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.63%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OMC shares. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Barclays reduced their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Finally, Wells Fargo & Company reduced their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.29.

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.