Omnicom Group Inc. (NYSE:OMC) Position Increased by Toronto Dominion Bank


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Toronto Dominion Bank raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,146 shares of the business services provider’s stock after buying an additional 36,168 shares during the period. Toronto Dominion Bank owned about 0.10% of Omnicom Group worth $13,538,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OMC. Prudential PLC bought a new stake in Omnicom Group during the third quarter worth approximately $71,825,000. Wells Fargo & Company MN lifted its position in shares of Omnicom Group by 98.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,815,197 shares of the business services provider’s stock valued at $89,853,000 after acquiring an additional 899,189 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $39,429,000. AQR Capital Management LLC lifted its position in shares of Omnicom Group by 45.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,986,101 shares of the business services provider’s stock valued at $98,312,000 after acquiring an additional 622,490 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Omnicom Group by 332.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 503,590 shares of the business services provider’s stock valued at $24,928,000 after acquiring an additional 387,064 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Several equities research analysts recently commented on OMC shares. Evercore ISI upgraded shares of Omnicom Group from an “underperform” rating to an “in-line” rating in a research report on Monday, November 2nd. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $59.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 28th. Huber Research upgraded shares of Omnicom Group from an “underweight” rating to an “overweight” rating in a research report on Friday, October 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of Omnicom Group from $60.00 to $75.00 in a research report on Tuesday, December 15th. Finally, Smith Barney Citigroup increased their target price on shares of Omnicom Group from $60.00 to $75.00 in a research report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Omnicom Group currently has an average rating of “Hold” and an average price target of $62.78.

OMC stock opened at $70.58 on Tuesday. Omnicom Group Inc. has a 12-month low of $44.50 and a 12-month high of $76.89. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.58 and a beta of 0.87. The company has a 50 day moving average of $64.47 and a two-hundred day moving average of $57.90.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, February 18th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.25. Omnicom Group had a net margin of 7.10% and a return on equity of 36.90%. During the same quarter in the prior year, the company posted $1.89 EPS. On average, research analysts anticipate that Omnicom Group Inc. will post 4.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Wednesday, March 10th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.65. Omnicom Group’s dividend payout ratio (DPR) is currently 42.90%.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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