Tower Research Capital LLC TRC Acquires 9,861 Shares of Omnicom Group Inc. (NYSE:OMC)

Tower Research Capital LLC TRC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 87.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,108 shares of the business services provider's stock after purchasing an additional 9,861 shares during the period. Tower Research Capital LLC TRC's holdings in Omnicom Group were worth $1,816,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Center For Asset Management LLC grew its stake in shares of Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after buying an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after acquiring an additional 147 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Omnicom Group by 6.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after acquiring an additional 161 shares in the last quarter. Convergence Financial LLC increased its stake in shares of Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock worth $232,000 after purchasing an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC raised its holdings in shares of Omnicom Group by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock valued at $559,000 after purchasing an additional 182 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the topic of several analyst reports. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup restated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays reduced their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $0.62 during midday trading on Monday, hitting $75.54. The company had a trading volume of 566,665 shares, compared to its average volume of 3,403,520. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The business's 50 day simple moving average is $78.75 and its two-hundred day simple moving average is $88.34. The stock has a market cap of $14.74 billion, a PE ratio of 10.14, a P/E/G ratio of 1.94 and a beta of 0.87. 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 posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (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 for the quarter, compared to the consensus estimate of $3.73 billion. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders 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 3.71%. Omnicom Group's dividend payout ratio is currently 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.