Voya Investment Management LLC Purchases 34,822 Shares of Omnicom Group Inc. (NYSE:OMC)

Voya Investment Management LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 54.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,696 shares of the business services provider's stock after purchasing an additional 34,822 shares during the period. Voya Investment Management LLC owned 0.05% of Omnicom Group worth $8,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA increased its stake in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. FMR LLC increased 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 valued at $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $79,321,000. Finally, First Trust Advisors LP boosted its position in shares of Omnicom Group by 23.8% during the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after purchasing an additional 747,575 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMC. Barclays dropped their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company lowered their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, UBS Group dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Stock Up 1.7 %

Shares of NYSE OMC traded up $1.29 during trading on Friday, hitting $77.04. The stock had a trading volume of 2,636,986 shares, compared to its average volume of 2,220,466. The firm has a fifty day moving average of $78.02 and a two-hundred day moving average of $87.48. The company has a market capitalization of $15.03 billion, a PE ratio of 10.34, a PEG ratio of 1.94 and a beta of 0.95. 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 Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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