SageView Advisory Group LLC Takes $287,000 Position in Omnicom Group Inc. (NYSE:OMC)

SageView Advisory Group LLC bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,336 shares of the business services provider's stock, valued at approximately $287,000.

Several other institutional investors have also made changes to their positions in OMC. Barclays PLC grew its holdings in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock valued at $84,741,000 after acquiring an additional 13,637 shares in the last quarter. Virtu Financial LLC acquired a new position in Omnicom Group in the 3rd quarter worth about $498,000. Sanctuary Advisors LLC raised its stake in shares of Omnicom Group by 33.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,551 shares of the business services provider's stock worth $1,797,000 after purchasing an additional 4,423 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after buying an additional 17,815 shares during the last quarter. Finally, Arvest Bank Trust Division bought a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $21,191,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Stock Performance

NYSE:OMC traded down $0.97 during trading hours on Monday, hitting $72.27. 427,525 shares of the company traded hands, compared to its average volume of 3,426,629. 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 market capitalization of $14.21 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 1.94 and a beta of 0.87. The firm has a 50-day moving average of $79.57 and a 200 day moving average of $89.31. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00.

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, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. On average, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is presently 38.30%.

Omnicom Group Company 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.