16,655 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,655 shares of the business services provider’s stock, valued at approximately $1,433,000.

A number of other hedge funds also recently made changes to their positions in OMC. Barclays PLC raised its position in Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $498,000. Sanctuary Advisors LLC raised its holdings in shares of Omnicom Group by 33.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,551 shares of the business services provider’s stock worth $1,797,000 after buying an additional 4,423 shares in the last quarter. World Investment Advisors LLC lifted its position in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares during the period. Finally, Arvest Bank Trust Division acquired a new stake in Omnicom Group in the 3rd quarter valued at $21,191,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OMC shares. UBS Group dropped their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and an average target price of $104.43.

Omnicom Group Price Performance

Shares of OMC stock opened at $76.77 on Tuesday. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $80.34 and its 200-day moving average is $90.11. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.94 and a beta of 0.87.

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, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the business posted $2.20 EPS. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is 37.58%.

Omnicom Group Company 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.