Omnicom Group Inc. (NYSE:OMC) Shares Bought by DT Investment Partners LLC

by · The Markets Daily

DT Investment Partners LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) by 455.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,194 shares of the business services provider’s stock after purchasing an additional 979 shares during the quarter. DT Investment Partners LLC’s holdings in Omnicom Group were worth $109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Omnicom Group by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock worth $631,076,000 after acquiring an additional 362,985 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock worth $353,437,000 after purchasing an additional 374,874 shares during the last quarter. Boston Partners lifted its holdings in shares of Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after purchasing an additional 664,800 shares during the period. Invesco Ltd. grew its position in Omnicom Group by 0.7% in the 1st quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider’s stock valued at $260,361,000 after buying an additional 20,584 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after buying an additional 1,503,249 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.2 %

OMC opened at $92.62 on Friday. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.17 and a beta of 0.97. The business’s fifty day moving average is $91.51 and its two-hundred day moving average is $85.41. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC – Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the company earned $2.09 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Ratings Changes

Several brokerages have recently weighed in on OMC. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $91.00 to $106.00 in a research report on Wednesday. UBS Group began coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. Moffett Nathanson upped their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Macquarie raised their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Read Our Latest Stock Report on Omnicom Group

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile

(Free Report)

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.

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