Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 112,129 shares of the business services provider’s stock after acquiring an additional 4,420 shares during the period. Empowered Funds LLC’s holdings in Omnicom Group were worth $9,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp increased its position in Omnicom Group by 5.7% during 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 buying an additional 759,980 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Barclays PLC increased its position in Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares in the last quarter. Bank of Montreal Can raised its stake in Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock valued at $72,465,000 after purchasing an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after purchasing an additional 97,661 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $83.76 on Monday. The business’s fifty day moving average price is $88.46 and its 200 day moving average price is $95.98. Omnicom Group Inc. has a twelve month low of $81.42 and a twelve month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $16.46 billion, a P/E ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period last year, the company posted $2.20 EPS. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.34%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OMC. 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 report on Tuesday, December 10th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays lowered their price objective on 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, JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group 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.