NEOS Investment Management LLC Buys 1,238 Shares of Omnicom Group Inc. (NYSE:OMC)

NEOS Investment Management LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,076 shares of the business services provider’s stock after acquiring an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in Omnicom Group were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc grew its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. increased its position in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. 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, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.43.

Omnicom Group Stock Down 0.5 %

NYSE OMC opened at $80.24 on Monday. The business has a fifty day moving average price of $83.24 and a two-hundred day moving average price of $92.43. The stock has a market capitalization of $15.77 billion, a PE ratio of 10.77, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. 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, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share 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. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

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.