JPMorgan Chase & Co. Acquires 1,027,567 Shares of Omnicom Group Inc. (NYSE:OMC)

JPMorgan Chase & Co. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 91.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,147,019 shares of the business services provider’s stock after buying an additional 1,027,567 shares during the quarter. JPMorgan Chase & Co.’s holdings in Omnicom Group were worth $184,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. World Investment Advisors LLC increased its position in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in Omnicom Group during the third quarter valued at $713,000. Franklin Resources Inc. raised its stake in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after acquiring an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after acquiring an additional 50,153 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in shares of Omnicom Group by 35.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 19,598 shares of the business services provider’s stock worth $2,026,000 after purchasing an additional 5,156 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Performance

OMC stock opened at $82.72 on Tuesday. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00. The business has a 50-day moving average price of $83.18 and a 200 day moving average price of $92.31. The company has a market capitalization of $16.25 billion, a P/E ratio of 11.10, a PEG ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the company posted $2.20 earnings per share. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.38%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.