Omnicom Group Inc. (NYSE:OMC) Stake Increased by Fortem Financial Group LLC

Fortem Financial Group LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,940 shares of the business services provider’s stock after purchasing an additional 611 shares during the quarter. Omnicom Group makes up 1.1% of Fortem Financial Group LLC’s investment portfolio, making the stock its 26th largest position. Fortem Financial Group LLC’s holdings in Omnicom Group were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares in the last quarter. World Investment Advisors LLC increased its stake in shares of Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after purchasing an additional 374,952 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after purchasing an additional 364,665 shares during the last quarter. Millennium Management LLC lifted its position in shares of Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after purchasing an additional 324,196 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after buying an additional 213,962 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of OMC traded down $0.81 during trading hours on Monday, hitting $85.08. The stock had a trading volume of 1,355,298 shares, compared to its average volume of 1,464,657. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 2.07 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The company’s fifty day moving average is $96.97 and its two-hundred day moving average is $96.93. Omnicom Group Inc. has a 52 week low of $84.43 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.29%. Omnicom Group’s payout ratio is 38.25%.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Barclays raised their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average price target of $110.00.

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.