TCW Group Inc. Purchases Shares of 25,434 Omnicom Group Inc. (NYSE:OMC)

TCW Group Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 25,434 shares of the business services provider’s stock, valued at approximately $2,188,000.

A number of other hedge funds have also bought and sold shares of OMC. Private Advisor Group LLC increased its stake in shares of Omnicom Group by 2.7% in the third quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock worth $1,299,000 after acquiring an additional 325 shares during the period. International Assets Investment Management LLC increased its stake in shares of Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock worth $22,127,000 after acquiring an additional 213,962 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Omnicom Group by 38.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,296 shares of the business services provider’s stock worth $1,983,000 after acquiring an additional 5,325 shares during the period. Forsta AP Fonden increased its stake in shares of Omnicom Group by 9.3% in the third quarter. Forsta AP Fonden now owns 82,000 shares of the business services provider’s stock worth $8,478,000 after acquiring an additional 7,000 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Omnicom Group by 2.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 153,439 shares of the business services provider’s stock worth $15,611,000 after acquiring an additional 4,222 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $83.70 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00. The firm’s fifty day simple moving average is $85.29 and its two-hundred day simple moving average is $95.15.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business earned $2.20 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OMC shares. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.