Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in Omnicom Group Inc. (NYSE:OMC) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,105 shares of the business services provider’s stock after purchasing an additional 46,952 shares during the period. Sei Investments Co. owned about 0.14% of Omnicom Group worth $24,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Omnicom Group by 17.3% in the fourth quarter. American Century Companies Inc. now owns 1,018,687 shares of the business services provider’s stock valued at $87,648,000 after purchasing an additional 150,105 shares during the period. Mizuho Securities USA LLC boosted its position in Omnicom Group by 45.7% during the fourth quarter. Mizuho Securities USA LLC now owns 18,490 shares of the business services provider’s stock worth $1,591,000 after acquiring an additional 5,803 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Omnicom Group during the 4th quarter valued at about $1,232,000. Whittier Trust Co. grew its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Omnicom Group by 225.9% in the 4th quarter. Teacher Retirement System of Texas now owns 181,014 shares of the business services provider’s stock valued at $15,574,000 after acquiring an additional 125,470 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $81.14 on Thursday. 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 firm’s fifty day simple moving average is $83.45 and its 200-day simple moving average is $92.73. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 10.89, a PEG 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.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $2.20 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.45%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

OMC has been the subject of a number of analyst reports. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. UBS Group dropped their price objective 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. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Omnicom Group Company 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.