First Allied Advisory Services Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 25.6% during the 4th quarter, Holdings Channel reports. The firm owned 17,779 shares of the business services provider’s stock after purchasing an additional 3,623 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Omnicom Group were worth $1,305,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Swiss National Bank grew its holdings in Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock valued at $63,632,000 after purchasing an additional 2,200 shares during the last quarter. Cambridge Trust Co. acquired a new position in Omnicom Group during the third quarter valued at approximately $319,000. Prudential Financial Inc. grew its holdings in Omnicom Group by 47.5% during the third quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock valued at $35,444,000 after purchasing an additional 154,103 shares during the last quarter. Lingohr & Partner Asset Management GmbH acquired a new position in Omnicom Group during the third quarter valued at approximately $940,000. Finally, 361 Capital LLC acquired a new position in Omnicom Group during the third quarter valued at approximately $3,288,000. Institutional investors own 98.63% of the company’s stock.
Several equities analysts have commented on the company. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Macquarie upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a report on Friday, February 16th. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Pivotal Research lowered their price target on Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $80.00 price target on shares of Omnicom Group in a report on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $83.07.
In related news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
Shares of Omnicom Group Inc. (NYSE OMC) opened at $78.36 on Wednesday. The stock has a market cap of $18,126.67, a price-to-earnings ratio of 15.59, a PEG ratio of 2.56 and a beta of 1.20. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $86.71.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Omnicom Group’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share. research analysts expect that Omnicom Group Inc. will post 5.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.06%. Omnicom Group’s dividend payout ratio (DPR) is currently 51.72%.
About Omnicom Group
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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