Intech Investment Management LLC Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Intech Investment Management LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMCFree Report) by 249.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,968 shares of the business services provider’s stock after purchasing an additional 114,144 shares during the period. Intech Investment Management LLC owned about 0.08% of Omnicom Group worth $13,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aviva PLC grew its stake in shares of Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock worth $9,407,000 after acquiring an additional 101,348 shares during the period. NBC Securities Inc. bought a new position in shares of Omnicom Group during the 3rd quarter worth $200,000. Arvest Investments Inc. bought a new position in shares of Omnicom Group during the 4th quarter worth $1,969,000. Raymond James & Associates grew its stake in shares of Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC traded up $0.89 on Friday, hitting $95.11. The company’s stock had a trading volume of 1,002,530 shares, compared to its average volume of 1,352,826. The company has a 50-day simple moving average of $94.27 and a 200 day simple moving average of $88.91. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a market capitalization of $18.63 billion, a PE ratio of 12.85, a PEG ratio of 2.19 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMCGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts forecast that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 2.94%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity

In other news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OMC shares. Moffett Nathanson increased their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Read Our Latest Report on OMC

Omnicom Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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