Clearbridge Investments LLC Makes New $502,000 Investment in Omnicom Group Inc. (NYSE:OMC)

Clearbridge Investments LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMCFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,801 shares of the business services provider’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviva PLC raised its position in shares of Omnicom Group by 406.1% in the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after buying an additional 101,348 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $200,000. Arvest Investments Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $1,969,000. Raymond James & Associates raised its position in shares of Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after buying an additional 13,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Omnicom Group by 1,627.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after buying an additional 62,640 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. Moffett Nathanson lifted their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Read Our Latest Research Report on OMC

Omnicom Group Stock Performance

NYSE OMC opened at $95.11 on Monday. The firm’s fifty day moving average price is $94.27 and its two-hundred day moving average price is $89.01. The stock has a market cap of $18.63 billion, a PE ratio of 12.85, a PEG ratio of 2.22 and a beta of 0.96. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMCGet Free Report) last posted its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. On average, equities analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now owns 9,830 shares in the company, valued at $911,044.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

About Omnicom Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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