Omnicom Group Inc. $OMC Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. grew its position in Omnicom Group Inc. (NYSE:OMC) by 156.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 43,465 shares of the business services provider’s stock after purchasing an additional 26,549 shares during the period. Twin Capital Management Inc.’s holdings in Omnicom Group were worth $3,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Omnicom Group by 64.2% in the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares during the last quarter. State Street Corp raised its position 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 last quarter. Bank of New York Mellon Corp raised its position in shares of Omnicom Group by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 12,098,191 shares of the business services provider’s stock worth $911,115,000 after purchasing an additional 814,328 shares during the last quarter. Geode Capital Management LLC lifted its stake in Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Omnicom Group by 5.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock valued at $635,538,000 after buying an additional 433,461 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $81.03 on Thursday. The business’s 50-day moving average price is $75.55 and its 200 day moving average price is $76.75. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The company has a market capitalization of $23.09 billion, a PE ratio of 207.78, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Analyst Ratings Changes

Several equities analysts have weighed in on OMC shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Morgan Stanley increased their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Rothschild & Co Redburn assumed coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. Finally, UBS Group boosted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $99.38.

Omnicom Group Profile

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.