International Assets Investment Management LLC Has $689,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

International Assets Investment Management LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 8,551.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,959 shares of the business services provider’s stock after acquiring an additional 7,867 shares during the period. International Assets Investment Management LLC’s holdings in Omnicom Group were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OMC. Arvest Investments Inc. acquired a new stake in Omnicom Group during the fourth quarter worth $1,969,000. Boston Trust Walden Corp boosted its stake in Omnicom Group by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 468,841 shares of the business services provider’s stock worth $40,559,000 after buying an additional 2,495 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in Omnicom Group by 7.6% during the fourth quarter. Avitas Wealth Management LLC now owns 12,097 shares of the business services provider’s stock worth $1,047,000 after buying an additional 856 shares in the last quarter. Dumont & Blake Investment Advisors LLC acquired a new stake in Omnicom Group during the fourth quarter worth $228,000. Finally, DAVENPORT & Co LLC boosted its stake in Omnicom Group by 0.6% during the fourth quarter. DAVENPORT & Co LLC now owns 23,592 shares of the business services provider’s stock worth $2,041,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $95.98 on Thursday. The stock has a 50-day simple moving average of $92.04 and a 200 day simple moving average of $85.85. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.20 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 earnings per share. On average, research analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 2.92%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OMC shares. UBS Group started coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Moffett Nathanson boosted their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Macquarie boosted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. Finally, Barclays boosted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

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.