2,880 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,880 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other hedge funds also recently bought and sold shares of OMC. Barclays PLC boosted its stake in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Omnicom Group by 29.3% during the 4th quarter. Park Avenue Securities LLC now owns 13,121 shares of the business services provider’s stock valued at $1,129,000 after acquiring an additional 2,970 shares during the period. Carnegie Investment Counsel lifted its stake in Omnicom Group by 3.0% during the 4th quarter. Carnegie Investment Counsel now owns 23,017 shares of the business services provider’s stock valued at $1,980,000 after acquiring an additional 680 shares during the period. JGP Wealth Management LLC lifted its stake in Omnicom Group by 2.4% during the 4th quarter. JGP Wealth Management LLC now owns 22,280 shares of the business services provider’s stock valued at $1,917,000 after acquiring an additional 523 shares during the period. Finally, Occidental Asset Management LLC lifted its stake in Omnicom Group by 8.7% during the 4th quarter. Occidental Asset Management LLC now owns 29,666 shares of the business services provider’s stock valued at $2,552,000 after acquiring an additional 2,372 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on OMC shares. Barclays lowered 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 note on Thursday, April 17th. UBS Group reduced their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Citigroup reaffirmed a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price target on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $101.29.

Omnicom Group Trading Up 0.9%

Omnicom Group stock opened at $76.98 on Friday. The firm has a 50 day moving average of $76.78 and a 200 day moving average of $85.81. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. 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 (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping 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 company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s payout ratio is 38.30%.

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.