Gotham Asset Management LLC Has $47.13 Million Holdings in Omnicom Group Inc. $OMC

Gotham Asset Management LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,675 shares of the business services provider’s stock after purchasing an additional 138,568 shares during the period. Gotham Asset Management LLC’s holdings in Omnicom Group were worth $47,132,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Evolve Private Wealth LLC acquired a new position in Omnicom Group in the 4th quarter valued at approximately $802,000. Engineers Gate Manager LP increased its holdings in shares of Omnicom Group by 1,457.2% during the fourth quarter. Engineers Gate Manager LP now owns 343,140 shares of the business services provider’s stock worth $27,709,000 after buying an additional 321,105 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in Omnicom Group in the 4th quarter valued at $9,149,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Omnicom Group by 77.1% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 73,602 shares of the business services provider’s stock worth $5,943,000 after buying an additional 32,048 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of Omnicom Group by 126.3% during the fourth quarter. Boothbay Fund Management LLC now owns 9,212 shares of the business services provider’s stock worth $744,000 after purchasing an additional 5,142 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Citigroup cut their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley raised their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Price Performance

Shares of OMC opened at $76.18 on Thursday. The business has a 50-day simple moving average of $75.58 and a two-hundred day simple moving average of $76.77. The stock has a market cap of $21.71 billion, a PE ratio of 195.34, a PEG ratio of 0.46 and a beta of 0.63. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.2%. Omnicom Group’s payout ratio is presently 820.51%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.