TIG Advisors LLC Invests $10.03 Million in Omnicom Group Inc. (NYSE:OMC)

TIG Advisors LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 116,579 shares of the business services provider's stock, valued at approximately $10,030,000. Omnicom Group accounts for approximately 0.7% of TIG Advisors LLC's investment portfolio, making the stock its 26th largest holding. TIG Advisors LLC owned approximately 0.06% of Omnicom Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Massachusetts Financial Services Co. MA grew its stake in Omnicom Group by 50.1% in 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 purchasing an additional 1,992,695 shares in the last quarter. FMR LLC lifted its stake in Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. grew its holdings in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after acquiring an additional 1,027,567 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Omnicom Group in the 4th quarter valued at about $79,321,000. Finally, First Trust Advisors LP boosted its stake in shares of Omnicom Group by 23.8% during the fourth 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 in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Omnicom Group stock traded up $1.29 during mid-day trading on Friday, reaching $77.04. 2,636,986 shares of the company traded hands, compared to its average volume of 2,220,466. The firm's fifty day moving average is $78.02 and its two-hundred day moving average is $87.48. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. 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 debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 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 company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is 38.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OMC shares. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays lowered their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $101.29.

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.