Omnicom Group Inc. (NYSE:OMC) Stock Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in Omnicom Group Inc. (NYSE:OMC) by 14.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,544 shares of the business services provider’s stock after buying an additional 696 shares during the period. Concurrent Investment Advisors LLC’s holdings in Omnicom Group were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. Private Advisor Group LLC raised its stake in shares of Omnicom Group by 2.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock worth $1,299,000 after buying an additional 325 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 worth $22,127,000 after buying an additional 213,962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Omnicom Group by 38.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,296 shares of the business services provider’s stock worth $1,983,000 after buying an additional 5,325 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Omnicom Group by 9.3% in the 3rd quarter. Forsta AP Fonden now owns 82,000 shares of the business services provider’s stock worth $8,478,000 after buying an additional 7,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Omnicom Group by 2.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 153,439 shares of the business services provider’s stock worth $15,611,000 after buying an additional 4,222 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $83.70 on Tuesday. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.94 and a beta of 0.97. The stock’s fifty day simple moving average is $85.29 and its 200-day simple moving average is $95.15.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 prior year, the business earned $2.20 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Omnicom Group’s dividend payout ratio is 37.58%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OMC. 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 report on Tuesday, December 10th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $108.25.

About Omnicom Group

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.