Omnicom Group Inc. (NYSE:OMC) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,622 shares of the business services provider’s stock after acquiring an additional 2,569 shares during the quarter. Guggenheim Capital LLC’s holdings in Omnicom Group were worth $4,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of Omnicom Group by 645.2% in the fourth 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 raised its holdings in shares of Omnicom Group by 146.6% during the fourth 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. lifted its position 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 acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 2.7 %

OMC opened at $73.16 on Friday. The company has a market capitalization of $14.38 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. 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. The business has a 50-day moving average of $79.57 and a 200-day moving average of $89.47.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup reissued a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday. Wells Fargo & Company reduced their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research note on Wednesday. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.29.

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.