Forum Financial Management LP Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Forum Financial Management LP increased its position in Omnicom Group Inc. (NYSE:OMC) by 76.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,290 shares of the business services provider’s stock after acquiring an additional 2,299 shares during the period. Forum Financial Management LP’s holdings in Omnicom Group were worth $455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GeoWealth Management LLC lifted its stake in shares of Omnicom Group by 110.7% during the 4th quarter. GeoWealth Management LLC now owns 5,852 shares of the business services provider’s stock worth $504,000 after purchasing an additional 3,074 shares during the period. Commerce Bank grew its position in shares of Omnicom Group by 0.5% in the fourth quarter. Commerce Bank now owns 62,384 shares of the business services provider’s stock valued at $5,368,000 after purchasing an additional 337 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Omnicom Group by 1.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 290,135 shares of the business services provider’s stock valued at $24,950,000 after purchasing an additional 4,648 shares during the last quarter. Dean Investment Associates LLC lifted its position in Omnicom Group by 3.4% during the fourth quarter. Dean Investment Associates LLC now owns 35,488 shares of the business services provider’s stock worth $3,053,000 after buying an additional 1,158 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Omnicom Group in the 4th quarter worth about $3,015,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OMC. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays dropped their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup reiterated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $73.16 on Monday. The company has a market cap of $14.38 billion, a P/E ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The business’s 50-day simple moving average is $79.57 and its 200 day simple moving average is $89.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last announced its earnings results 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. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 38.30%.

Omnicom Group 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.