TIG Advisors LLC Acquires New Stake in Omnicom Group Inc. (NYSE:OMC)

TIG Advisors LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 116,579 shares of the business services provider's stock, valued at approximately $10,030,000. Omnicom Group comprises 0.7% of TIG Advisors LLC's investment portfolio, making the stock its 26th biggest holding. TIG Advisors LLC owned 0.06% of Omnicom Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after buying an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares during the period. Geode Capital Management LLC boosted its position in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after purchasing an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Omnicom Group by 23.8% in the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after purchasing an additional 747,575 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

OMC stock traded up $1.29 during midday trading on Friday, reaching $77.04. 2,636,986 shares of the company's stock traded hands, compared to its average volume of 2,217,330. The firm has a market capitalization of $15.03 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a 50-day moving average price of $78.02 and a two-hundred day moving average price of $87.60. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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

Omnicom Group Dividend Announcement

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 $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.63%. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMC shares. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. One 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 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.