Metis Global Partners LLC Purchases 219 Shares of Omnicom Group Inc. (NYSE:OMC)

Metis Global Partners LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,521 shares of the business services provider’s stock after buying an additional 219 shares during the quarter. Metis Global Partners LLC’s holdings in Omnicom Group were worth $561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Farther Finance Advisors LLC increased its holdings in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after purchasing an additional 102 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Omnicom Group by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider’s stock valued at $2,193,000 after purchasing an additional 423 shares during the period. Van ECK Associates Corp increased its position in Omnicom Group by 2.4% in the third quarter. Van ECK Associates Corp now owns 89,763 shares of the business services provider’s stock worth $9,041,000 after buying an additional 2,140 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Omnicom Group by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 72,974 shares of the business services provider’s stock worth $7,545,000 after buying an additional 442 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Omnicom Group by 38.0% during the 3rd quarter. QRG Capital Management Inc. now owns 47,031 shares of the business services provider’s stock valued at $4,863,000 after buying an additional 12,939 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMC has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price 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. JPMorgan Chase & Co. dropped their price objective 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. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. 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. Finally, Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

NYSE:OMC opened at $82.25 on Thursday. The company has a fifty day moving average of $84.55 and a two-hundred day moving average of $94.53. Omnicom Group Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $107.00. The stock has a market capitalization of $16.16 billion, a PE ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 quarter last year, the firm earned $2.20 EPS. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.40%. 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.