Two Sigma Advisers LP Boosts Position in Omnicom Group Inc. (OMC)

Two Sigma Advisers LP lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 31.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 860,370 shares of the business services provider’s stock after acquiring an additional 205,465 shares during the period. Two Sigma Advisers LP’s holdings in Omnicom Group were worth $63,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NuWave Investment Management LLC increased its position in Omnicom Group by 1,876.5% in the fourth quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock worth $25,000 after buying an additional 319 shares during the period. Eukles Asset Management bought a new position in shares of Omnicom Group in the fourth quarter worth $29,000. JOYN Advisors Inc. grew its stake in shares of Omnicom Group by 47.2% in the fourth quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Omnicom Group in the fourth quarter worth $33,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of Omnicom Group by 2,173.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 523 shares of the business services provider’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter.

OMC stock traded down $0.69 during trading hours on Wednesday, hitting $75.02. 7,088 shares of the stock traded hands, compared to its average volume of 1,749,455. Omnicom Group Inc. has a one year low of $65.85 and a one year high of $78.75. The stock has a market capitalization of $16.94 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.70 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.41.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 12th. The business services provider reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.11. Omnicom Group had a return on equity of 43.14% and a net margin of 8.67%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 5.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Monday, March 11th will be given a $0.65 dividend. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.47%. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

In related news, Director Linda Johnson Rice sold 495 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $74.79, for a total value of $37,021.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,556 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $75.25, for a total value of $192,339.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, January 25th. Citigroup increased their price target on Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. BMO Capital Markets decreased their price target on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. Finally, Macquarie set a $76.00 target price on Omnicom Group and gave the company a “hold” rating in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and an average target price of $75.60.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2019/03/20/two-sigma-advisers-lp-boosts-position-in-omnicom-group-inc-omc.html.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC).

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

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.