Y Intercept Hong Kong Ltd Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Y Intercept Hong Kong Ltd purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,437 shares of the business services provider’s stock, valued at approximately $898,000.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp grew its position in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC grew its position in Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after acquiring an additional 13,637 shares in the last quarter. Bank of Montreal Can grew its position in Omnicom Group by 23.6% in the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after acquiring an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Omnicom Group by 16.3% in the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after acquiring an additional 97,661 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $81.75 on Friday. The firm has a market cap of $16.06 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.94 and a beta of 0.97. The company’s 50 day moving average is $84.99 and its 200 day moving average is $94.91. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $2.20 EPS. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.43%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays decreased their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

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.