Xponance Inc. Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Xponance Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,266 shares of the business services provider’s stock after buying an additional 1,273 shares during the quarter. Xponance Inc.’s holdings in Omnicom Group were worth $2,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after purchasing an additional 8,643 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Omnicom Group by 2.4% during the third quarter. Pathstone Holdings LLC now owns 35,400 shares of the business services provider’s stock worth $3,662,000 after purchasing an additional 835 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Omnicom Group by 14.9% during the third quarter. Prospera Financial Services Inc now owns 7,050 shares of the business services provider’s stock worth $729,000 after purchasing an additional 915 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Omnicom Group during the third quarter worth approximately $500,000. Finally, Citigroup Inc. increased its position in shares of Omnicom Group by 33.9% during the third quarter. Citigroup Inc. now owns 283,156 shares of the business services provider’s stock worth $29,275,000 after purchasing an additional 71,681 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $81.03 on Friday. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The business’s fifty day simple moving average is $83.69 and its 200-day simple moving average is $93.17. The firm has a market cap of $15.92 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. 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 (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 period last year, the firm posted $2.20 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend 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%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

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.