Brandywine Global Investment Management LLC Buys 984 Shares of Omnicom Group Inc. (NYSE:OMC)

Brandywine Global Investment Management LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,594 shares of the business services provider’s stock after purchasing an additional 984 shares during the quarter. Brandywine Global Investment Management LLC owned 0.07% of Omnicom Group worth $12,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Center For Asset Management LLC lifted its holdings in Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after buying an additional 146 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 161 shares in the last quarter. Convergence Financial LLC raised its holdings in shares of Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after buying an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in Omnicom Group by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after acquiring an additional 182 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 3.1 %

OMC stock opened at $82.72 on Tuesday. The company’s 50 day moving average price is $83.18 and its 200 day moving average price is $92.31. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. 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 released its quarterly earnings data 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 in the previous year, the company earned $2.20 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

OMC has been the topic of several analyst reports. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.43.

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.