Macquarie Group Ltd. Has $1.68 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Macquarie Group Ltd. trimmed its holdings in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 78.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,561 shares of the business services provider’s stock after selling 96,876 shares during the period. Macquarie Group Ltd.’s holdings in Omnicom Group were worth $1,676,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Omnicom Group by 51.5% in the third quarter. Creative Planning now owns 23,738 shares of the business services provider’s stock valued at $1,498,000 after buying an additional 8,068 shares during the last quarter. Prudential PLC increased its stake in shares of Omnicom Group by 9.5% during the third quarter. Prudential PLC now owns 6,062 shares of the business services provider’s stock worth $382,000 after purchasing an additional 524 shares during the period. Bessemer Group Inc. increased its stake in shares of Omnicom Group by 222.9% during the third quarter. Bessemer Group Inc. now owns 14,184 shares of the business services provider’s stock worth $894,000 after purchasing an additional 9,791 shares during the period. Kentucky Retirement Systems increased its stake in shares of Omnicom Group by 14.6% during the second quarter. Kentucky Retirement Systems now owns 15,269 shares of the business services provider’s stock worth $971,000 after purchasing an additional 1,948 shares during the period. Finally, Duality Advisers LP increased its stake in shares of Omnicom Group by 526.7% during the second quarter. Duality Advisers LP now owns 32,909 shares of the business services provider’s stock worth $2,093,000 after purchasing an additional 27,658 shares during the period. 90.20% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.6 %

Shares of OMC opened at $87.46 on Friday. Omnicom Group Inc. has a 52-week low of $61.31 and a 52-week high of $96.52. The business’s fifty day moving average is $88.45 and its 200-day moving average is $77.75. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.89 and a current ratio of 0.97. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.88 and a beta of 0.83.

Omnicom Group (NYSE:OMC – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.15. Omnicom Group had a return on equity of 41.20% and a net margin of 9.21%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted $1.95 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts anticipate that Omnicom Group Inc. will post 7.15 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Friday, March 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is 43.96%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Omnicom Group from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Wells Fargo & Company increased their target price on Omnicom Group from $84.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Morgan Stanley upgraded Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $95.00 in a research note on Wednesday, February 8th. Finally, Barclays raised their price objective on Omnicom Group from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.00.

Omnicom Group Profile

(Get Rating)

Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.