Epoch Investment Partners Inc. Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Epoch Investment Partners Inc. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,720 shares of the business services provider’s stock after acquiring an additional 3,150 shares during the period. Epoch Investment Partners Inc. owned 0.36% of Omnicom Group worth $60,548,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the period. FMR LLC increased its stake in shares of Omnicom Group by 250.1% during the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after buying an additional 1,436,231 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Omnicom Group by 91.8% in the fourth 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at about $79,321,000. Finally, First Trust Advisors LP lifted its stake in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock worth $334,076,000 after acquiring an additional 747,575 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMC has been the subject of several recent research reports. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Citigroup reissued a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, UBS Group decreased their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Stock Performance

Shares of OMC opened at $73.16 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market cap of $14.38 billion, a PE ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The stock has a fifty day moving average price of $79.57 and a 200-day moving average price of $89.39.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 38.30%.

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.