OppenheimerFunds Inc. increased its position in Omnicom Group Inc. (NYSE:OMC) by 10.0% during the fourth quarter, HoldingsChannel reports. The firm owned 31,539 shares of the business services provider’s stock after buying an additional 2,856 shares during the quarter. OppenheimerFunds Inc.’s holdings in Omnicom Group were worth $2,297,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new position in shares of Omnicom Group in the 4th quarter worth $104,000. MUFG Americas Holdings Corp lifted its stake in 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 valued at $112,000 after acquiring an additional 847 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Omnicom Group during the 4th quarter valued at $199,000. Dynamic Technology Lab Private Ltd bought a new position in Omnicom Group during the 3rd quarter valued at $205,000. Finally, Oak Point Wealth Management bought a new position in Omnicom Group during the 4th quarter valued at $219,000. Institutional investors own 98.62% of the company’s stock.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the firm’s stock in a transaction 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 sale, the treasurer now directly owns 42,561 shares of the company’s stock, valued at approximately $3,293,370.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Shares of Omnicom Group Inc. (OMC) opened at $73.73 on Monday. Omnicom Group Inc. has a 12-month low of $65.32 and a 12-month high of $86.71. The stock has a market capitalization of $16,977.63, a price-to-earnings ratio of 14.60, a PEG ratio of 2.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.86 and a current ratio of 0.93.
Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. sell-side analysts predict that Omnicom Group Inc. will post 5.6 earnings per share for the current year.
The firm 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, March 8th. Omnicom Group’s dividend payout ratio is presently 51.72%.
Omnicom Group 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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