Guggenheim Capital LLC Has $4.36 Million Position in Omnicom Group Inc. (NYSE:OMC)

Guggenheim Capital LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,622 shares of the business services provider’s stock after purchasing an additional 2,569 shares during the period. Guggenheim Capital LLC’s holdings in Omnicom Group were worth $4,356,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. World Investment Advisors LLC increased its position in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares during the period. Franklin Resources Inc. raised its stake in Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after purchasing an additional 50,153 shares during the period. Arvest Bank Trust Division acquired a new stake in Omnicom Group in the 3rd quarter worth $21,191,000. Finally, Avanza Fonder AB bought a new position in shares of Omnicom Group during the 4th quarter worth about $1,544,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OMC shares. Barclays reduced their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $73.16 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The business’s fifty day moving average price is $79.57 and its two-hundred day moving average price is $89.47. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

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

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. 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 payout ratio is 37.58%.

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.