Omnicom Group Inc. (NYSE:OMC) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 172.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,005 shares of the business services provider’s stock after purchasing an additional 18,348 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Omnicom Group were worth $2,496,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Center For Asset Management LLC boosted its stake in shares of Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after purchasing an additional 146 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after purchasing an additional 147 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after purchasing an additional 157 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after purchasing an additional 161 shares during the last quarter. Finally, Convergence Financial LLC boosted its position in shares of Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after acquiring an additional 165 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.1%

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

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

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. 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 (DPR) is 38.30%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OMC shares. Wells Fargo & Company decreased their target price on shares of 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. Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased 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 report on Wednesday, April 16th. Citigroup reissued a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, UBS Group decreased their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus 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.