New Age Alpha Advisors LLC Buys 102,098 Shares of Omnicom Group Inc. (NYSE:OMC)

New Age Alpha Advisors LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 65,869.7% during the 4th quarter, HoldingsChannel reports. The fund owned 102,253 shares of the business services provider’s stock after purchasing an additional 102,098 shares during the period. New Age Alpha Advisors LLC’s holdings in Omnicom Group were worth $8,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its position in Omnicom Group by 47.4% during the 3rd quarter. Cerity Partners LLC now owns 48,598 shares of the business services provider’s stock worth $5,030,000 after buying an additional 15,631 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Omnicom Group by 20.8% in the third quarter. Daiwa Securities Group Inc. now owns 25,825 shares of the business services provider’s stock worth $2,670,000 after purchasing an additional 4,440 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Omnicom Group in the third quarter valued at $258,000. Brooklyn Investment Group acquired a new position in Omnicom Group during the 3rd quarter worth about $55,000. Finally, Avestar Capital LLC acquired a new stake in shares of Omnicom Group in the third quarter valued at about $224,000. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OMC shares. UBS Group dropped their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Omnicom Group Stock Down 0.7 %

Shares of NYSE OMC opened at $80.61 on Friday. The business’s fifty day moving average price is $83.34 and its 200-day moving average price is $92.65. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The stock has a market capitalization of $15.84 billion, a PE ratio of 10.82, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the company earned $2.20 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 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.