Tectonic Advisors LLC Buys 392 Shares of Omnicom Group Inc. (NYSE:OMC)

Tectonic Advisors LLC increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,253 shares of the business services provider’s stock after purchasing an additional 392 shares during the quarter. Tectonic Advisors LLC’s holdings in Omnicom Group were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OMC. State Street Corp lifted its holdings in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares in the last quarter. World Investment Advisors LLC lifted its stake in shares of Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after acquiring an additional 374,952 shares during the period. International Assets Investment Management LLC boosted its holdings in Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after acquiring an additional 213,962 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Omnicom Group in the third quarter worth about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its position in Omnicom Group by 46.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after purchasing an additional 156,173 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the topic of several recent research reports. UBS Group raised their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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 note on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Performance

Shares of OMC stock opened at $84.08 on Friday. The company has a market capitalization of $16.52 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company’s 50 day moving average price is $89.28 and its two-hundred day moving average price is $96.09.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter last year, the business earned $2.20 EPS. On average, analysts expect that Omnicom Group Inc. will post 7.99 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.33%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Omnicom Group Company Profile

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.