Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Dean Investment Associates LLC

Dean Investment Associates LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,488 shares of the business services provider’s stock after acquiring an additional 1,158 shares during the quarter. Dean Investment Associates LLC’s holdings in Omnicom Group were worth $3,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after purchasing an additional 1,992,695 shares during the period. FMR LLC increased its position in Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. raised its stake in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after acquiring an additional 1,027,567 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Omnicom Group during the 4th quarter valued at approximately $79,321,000. Finally, Norges Bank acquired a new stake in Omnicom Group during the 4th quarter worth approximately $23,163,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $73.16 on Friday. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The stock has a market cap of $14.38 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87. The stock’s 50 day simple moving average is $79.76 and its 200 day simple moving average is $89.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OMC shares. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays lowered their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Citigroup reiterated a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $101.29.

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.