Occudo Quantitative Strategies LP Invests $1.21 Million in Omnicom Group Inc. (NYSE:OMC)

Occudo Quantitative Strategies LP purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 14,066 shares of the business services provider’s stock, valued at approximately $1,210,000.

A number of other large investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after acquiring an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $150,819,000. FMR LLC lifted its stake in Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after purchasing an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after purchasing an additional 1,027,567 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Omnicom Group during the fourth quarter valued at $79,321,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on OMC shares. Wells Fargo & Company dropped their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays cut their target price 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, April 17th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup reaffirmed a “buy” rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Stock Performance

Omnicom Group stock opened at $77.49 on Wednesday. The firm’s 50 day simple moving average is $77.25 and its 200 day simple moving average is $86.23. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The firm has a market capitalization of $15.12 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.61%. Omnicom Group’s dividend payout ratio is currently 38.30%.

About Omnicom Group

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.