Artemis Investment Management LLP Takes $1.37 Million Position in Omnicom Group Inc. (NYSE:OMC)

Artemis Investment Management LLP bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,959 shares of the business services provider’s stock, valued at approximately $1,373,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after buying an additional 72,447 shares in the last quarter. Barclays PLC lifted its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after buying an additional 13,637 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Omnicom Group by 73.0% in the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after purchasing an additional 324,196 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in Omnicom Group by 2.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 733,679 shares of the business services provider’s stock worth $65,811,000 after buying an additional 17,651 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of several research analyst reports. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut their target price on 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. Finally, Barclays upped their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Trading Down 0.5 %

Shares of NYSE:OMC opened at $85.41 on Monday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. 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 firm has a market capitalization of $16.66 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.73 and a beta of 0.98. The business’s 50-day moving average is $93.30 and its 200 day moving average is $96.57.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.28%. Omnicom Group’s dividend payout ratio is presently 38.25%.

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.