8,243 Shares in Omnicom Group Inc. $OMC Acquired by Reflection Asset Management

Reflection Asset Management bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,243 shares of the business services provider’s stock, valued at approximately $666,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after acquiring an additional 15,220,444 shares during the period. State Street Corp lifted its stake in shares of Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after purchasing an additional 4,631,394 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Omnicom Group by 57.1% during the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after purchasing an additional 3,117,188 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Omnicom Group by 5.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock worth $635,538,000 after purchasing an additional 433,461 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.0%

Shares of NYSE OMC opened at $71.36 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The stock’s 50-day simple moving average is $75.38 and its 200-day simple moving average is $76.73. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 182.99, a PEG ratio of 0.43 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm’s revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is presently 820.51%.

Analyst Ratings Changes

OMC has been the subject of several research analyst reports. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Citigroup decreased their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Barclays boosted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. The Goldman Sachs Group assumed coverage on Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price on the stock. Finally, Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $99.00.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.