Omnicom Group Inc. (OMC) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,635 shares of the business services provider’s stock after purchasing an additional 1,162 shares during the quarter. FDx Advisors Inc.’s holdings in Omnicom Group were worth $2,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after acquiring an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in Omnicom Group by 12.4% in the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock valued at $462,899,000 after acquiring an additional 702,181 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Omnicom Group by 6.1% in the third quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock valued at $469,848,000 after acquiring an additional 364,309 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Omnicom Group by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after acquiring an additional 1,366,325 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Omnicom Group by 3.0% in the third quarter. Mackenzie Financial Corp now owns 4,412,123 shares of the business services provider’s stock valued at $326,806,000 after acquiring an additional 127,320 shares during the last quarter. 98.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Omnicom Group Inc. (OMC) opened at $76.79 on Friday. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $86.71. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56. The company has a market cap of $17,737.51, a price-to-earnings ratio of 16.55, a P/E/G ratio of 2.46 and a beta of 1.20.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. analysts predict that Omnicom Group Inc. will post 5.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be paid a $0.60 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.13%. Omnicom Group’s payout ratio is currently 51.72%.

In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

OMC has been the topic of a number of recent research reports. TheStreet raised shares of Omnicom Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Wells Fargo & Co reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Omnicom Group in a research note on Friday, February 16th. Pivotal Research reduced their price objective on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, ValuEngine cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.36.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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