Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 47.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,011 shares of the business services provider’s stock after purchasing an additional 16,644 shares during the period. Jones Financial Companies Lllp’s holdings in Omnicom Group were worth $4,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Omnicom Group by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after acquiring an additional 102 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Omnicom Group by 2.0% during the 3rd 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 in the last quarter. Van ECK Associates Corp increased its holdings in Omnicom Group by 2.4% during the 3rd quarter. Van ECK Associates Corp now owns 89,763 shares of the business services provider’s stock worth $9,041,000 after purchasing an additional 2,140 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Omnicom Group by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,974 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 442 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of research analyst reports. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target 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. Finally, Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Price Performance

OMC opened at $80.82 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $84.63 and its 200 day moving average price is $94.62. Omnicom Group Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $107.00. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the business posted $2.20 EPS. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

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.