AlphaQuest LLC Buys Shares of 4,207 Omnicom Group Inc. (NYSE:OMC)

AlphaQuest LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,207 shares of the business services provider’s stock, valued at approximately $362,000.

Other hedge funds have also recently modified their holdings of the company. Sigma Planning Corp purchased a new position in Omnicom Group in the 3rd quarter worth about $223,000. Versor Investments LP purchased a new position in shares of Omnicom Group during the third quarter valued at approximately $355,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Omnicom Group by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 490,104 shares of the business services provider’s stock valued at $50,672,000 after purchasing an additional 9,864 shares during the last quarter. KBC Group NV lifted its position in Omnicom Group by 5.5% during the third quarter. KBC Group NV now owns 101,101 shares of the business services provider’s stock valued at $10,453,000 after purchasing an additional 5,286 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in Omnicom Group by 1.9% in the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays reduced 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, Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Price Performance

NYSE:OMC opened at $80.92 on Friday. The business’s 50-day simple moving average is $83.98 and its two-hundred day simple moving average is $93.81. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The stock has a market cap of $15.90 billion, a PE ratio of 10.86, a P/E/G ratio of 1.94 and a beta of 0.98. 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 (NYSE:OMC) last issued its earnings results 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the firm posted $2.20 EPS. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend 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%.

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.