QS Investors LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3,184.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 159,327 shares of the business services provider’s stock after acquiring an additional 154,476 shares during the period. QS Investors LLC’s holdings in Omnicom Group were worth $11,604,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth about $104,000. MUFG Americas Holdings Corp raised its position in shares of Omnicom Group by 123.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after buying an additional 847 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Omnicom Group during the 4th quarter worth about $199,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Omnicom Group during the 3rd quarter worth about $205,000. Finally, Oak Point Wealth Management bought a new stake in shares of Omnicom Group during the 4th quarter worth about $219,000. Institutional investors own 98.62% of the company’s stock.
A number of analysts have commented on the stock. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Macquarie upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, February 16th. Barclays restated a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a research report on Thursday, January 25th. Finally, Wells Fargo & Co restated a “hold” rating and set a $80.00 price target on shares of Omnicom Group in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and a consensus price target of $82.77.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. analysts predict that Omnicom Group Inc. will post 5.6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is currently 51.72%.
In other news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the completion of the transaction, the treasurer now directly owns 42,561 shares in the company, valued at $3,293,370.18. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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