Quantbot Technologies LP Purchases Shares of 14,316 Omnicom Group Inc. (NYSE:OMC)

Quantbot Technologies LP acquired a new position in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,316 shares of the business services provider’s stock, valued at approximately $1,232,000.

Several other institutional investors have also recently made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group during the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its stake in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the period. Whittier Trust Co. increased its stake in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Omnicom Group in the 3rd quarter worth about $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

NYSE:OMC opened at $80.38 on Wednesday. The company has a market cap of $15.79 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The company’s 50-day moving average price is $83.53 and its 200-day moving average price is $92.81. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

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 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 period last year, the firm earned $2.20 earnings per share. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of 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. Finally, Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.