Bessemer Group Inc. Acquires 247 Shares of Omnicom Group Inc. (NYSE:OMC)

Bessemer Group Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,832 shares of the business services provider’s stock after purchasing an additional 247 shares during the period. Bessemer Group Inc.’s holdings in Omnicom Group were worth $3,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Whittier Trust Co. raised its position in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Up 2.1 %

Omnicom Group stock opened at $75.56 on Friday. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 1.94 and a beta of 0.87. The company’s 50 day simple moving average is $80.50 and its 200 day simple moving average is $90.38. 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 Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last announced 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 business posted $2.20 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OMC shares. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays cut their target price 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. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Hold” and an average target price of $104.43.

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.