Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its position in Omnicom Group Inc. (NYSE:OMC) by 118.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 137,623 shares of the business services provider’s stock after acquiring an additional 74,684 shares during the quarter. Korea Investment CORP’s holdings in Omnicom Group were worth $11,841,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its stake in shares of Omnicom Group by 14.3% in the fourth quarter. Prestige Wealth Management Group LLC now owns 4,319 shares of the business services provider’s stock worth $375,000 after acquiring an additional 540 shares during the last quarter. Twin City Private Wealth LLC boosted its stake in Omnicom Group by 5.4% during the 4th quarter. Twin City Private Wealth LLC now owns 19,510 shares of the business services provider’s stock worth $1,692,000 after purchasing an additional 1,008 shares during the last quarter. Vanguard Group Inc. boosted its stake in Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock worth $1,982,518,000 after purchasing an additional 99,424 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Omnicom Group during the fourth quarter worth $883,000. Finally, LPL Financial LLC raised its position in shares of Omnicom Group by 15.7% in the fourth quarter. LPL Financial LLC now owns 219,326 shares of the business services provider’s stock valued at $18,871,000 after buying an additional 29,756 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 0.5 %

Shares of NYSE:OMC opened at $80.24 on Monday. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The business has a 50-day moving average price of $83.24 and a 200 day moving average price of $92.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business posted $2.20 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given 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 dividend yield of 3.49%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective 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. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays reduced their price objective 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 dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.43.

Omnicom Group 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.