TCW Group Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,434 shares of the business services provider's stock, valued at approximately $2,188,000.
Several other large investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in Omnicom Group by 3.6% in the 4th quarter. First Horizon Advisors Inc. now owns 231,285 shares of the business services provider's stock valued at $19,900,000 after buying an additional 8,118 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in Omnicom Group in the 4th quarter valued at about $800,000. Allianz Asset Management GmbH boosted its position in Omnicom Group by 2.2% in the 4th quarter. Allianz Asset Management GmbH now owns 315,045 shares of the business services provider's stock valued at $27,106,000 after buying an additional 6,718 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Omnicom Group in the 4th quarter valued at about $2,168,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Omnicom Group by 14.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,544 shares of the business services provider's stock worth $477,000 after purchasing an additional 696 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.
NYSE:OMC opened at $83.70 on Tuesday. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The firm has a 50 day moving average of $85.29 and a 200 day moving average of $95.15. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $2.20 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. Omnicom Group's payout ratio is 37.58%.
OMC has been the subject of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company lowered 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 report on Tuesday, December 10th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.25.
View Our Latest Research Report on 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.
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