Xponance Inc. Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Xponance Inc. raised its stake in Omnicom Group Inc. (NYSE:OMC) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,266 shares of the business services provider’s stock after purchasing an additional 1,273 shares during the period. Xponance Inc.’s holdings in Omnicom Group were worth $2,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 195 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Omnicom Group in the third quarter worth about $55,000. Finally, Trust Co. of Vermont boosted its holdings in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Omnicom Group Trading Up 0.4 %

Shares of NYSE:OMC opened at $81.03 on Friday. Omnicom Group Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The company has a market capitalization of $15.92 billion, a PE ratio of 10.88, a PEG ratio of 1.94 and a beta of 0.98. The business has a 50 day moving average of $83.69 and a two-hundred day moving average of $93.17. 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 announced 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 return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the firm earned $2.20 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 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.