Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 63.8% in the fourth quarter, Holdings Channel reports. The firm owned 4,156 shares of the business services provider’s stock after acquiring an additional 1,618 shares during the period. Kestra Investment Management LLC’s holdings in Omnicom Group were worth $358,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. World Investment Advisors LLC boosted its position in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after purchasing an additional 374,952 shares during the period. International Assets Investment Management LLC increased its holdings in Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares in the last quarter. Arvest Bank Trust Division purchased a new position in Omnicom Group in the third quarter valued at about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after purchasing an additional 156,173 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.2 %

NYSE:OMC opened at $83.66 on Thursday. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. 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 company has a market cap of $16.44 billion, a PE ratio of 11.23, a P/E/G ratio of 1.91 and a beta of 0.97. The business’s 50 day moving average is $85.90 and its two-hundred day moving average is $95.37.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 period in the prior year, the firm earned $2.20 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend 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 currently 37.58%.

Analysts Set New Price Targets

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

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.