Paradigm Asset Management Co. LLC Takes $800,000 Position in Omnicom Group Inc. (NYSE:OMC)

Paradigm Asset Management Co. LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,300 shares of the business services provider’s stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Omnicom Group by 17.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after purchasing an additional 97 shares during the last quarter. Integrated Advisors Network LLC grew its position in Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after buying an additional 102 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 113 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Omnicom Group by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after acquiring an additional 120 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $82.27 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The business’s 50-day moving average is $85.60 and its 200-day moving average is $95.21. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period last year, the firm posted $2.20 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. Omnicom Group’s dividend payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OMC. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut 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, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus 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.