A&I Financial Services LLC Takes Position in Omnicom Group Inc. (NYSE:OMC)

A&I Financial Services LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,461 shares of the business services provider’s stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. State Street Corp raised its position in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. World Investment Advisors LLC raised its position in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the last quarter. Arvest Bank Trust Division bought a new position in Omnicom Group in the 3rd quarter valued at $21,191,000. Bank of New York Mellon Corp raised its position in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position in Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after purchasing an additional 156,173 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 2.4 %

Shares of Omnicom Group stock opened at $81.75 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $80.31 and a 12 month high of $107.00. The business has a fifty day simple moving average of $84.99 and a 200 day simple moving average of $94.91. The stock has a market cap of $16.06 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $2.20 earnings per share. Research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.43%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

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

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.