AMP Capital Investors Ltd increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 45.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,954 shares of the business services provider’s stock after purchasing an additional 63,180 shares during the quarter. AMP Capital Investors Ltd’s holdings in Omnicom Group were worth $14,781,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. SeaCrest Wealth Management LLC acquired a new position in Omnicom Group during the 4th quarter worth $104,000. MUFG Americas Holdings Corp grew 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 worth $112,000 after purchasing an additional 847 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Omnicom Group during the 4th quarter worth $199,000. Dynamic Technology Lab Private Ltd acquired a new position in Omnicom Group during the 3rd quarter worth $205,000. Finally, Oak Point Wealth Management acquired a new position in Omnicom Group during the 4th quarter worth $219,000. 98.62% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on OMC shares. Wells Fargo & Co reissued a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. TheStreet cut Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. BMO Capital Markets raised Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $90.00 in a research note on Friday, February 16th. They noted that the move was a valuation call. Royal Bank of Canada cut Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price for the company. in a research note on Friday, February 16th. Finally, Morgan Stanley boosted their target price on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Omnicom Group has an average rating of “Hold” and an average price target of $82.77.
Omnicom Group Inc. (NYSE OMC) opened at $73.45 on Tuesday. The stock has a market capitalization of $16,910.00, a PE ratio of 14.37, a PEG ratio of 2.27 and a beta of 1.15. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $86.71. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 EPS. equities research analysts predict that Omnicom Group Inc. will post 5.6 earnings per share for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 3.27%. Omnicom Group’s dividend payout ratio is currently 46.97%.
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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