Omnicom Group Inc. (NYSE:OMC) Holdings Raised by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 32.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,741 shares of the business services provider’s stock after buying an additional 56,438 shares during the period. Gotham Asset Management LLC owned 0.12% of Omnicom Group worth $19,681,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth $150,819,000. FMR LLC lifted its holdings in shares of Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after buying an additional 1,436,231 shares during the period. JPMorgan Chase & Co. boosted its stake in Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after buying an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group during the fourth quarter worth about $79,321,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $75.94 on Friday. The company has a market cap of $14.82 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company’s fifty day moving average is $77.45 and its two-hundred day moving average is $86.65. 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 Inc. has a 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group’s dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays decreased their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Citigroup reiterated a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their target price on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

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.