WINTON GROUP Ltd Purchases 17,660 Shares of Omnicom Group Inc. $OMC

WINTON GROUP Ltd grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 131.4% during the third quarter, Holdings Channel reports. The fund owned 31,100 shares of the business services provider’s stock after purchasing an additional 17,660 shares during the period. WINTON GROUP Ltd’s holdings in Omnicom Group were worth $2,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC bought a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $515,145,000. JPMorgan Chase & Co. increased its position in Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after buying an additional 3,362,411 shares in the last quarter. Bank of New York Mellon Corp increased its position in Omnicom Group by 73.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after buying an additional 2,820,553 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Omnicom Group by 38.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock valued at $324,782,000 after buying an additional 1,255,197 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Omnicom Group during the second quarter valued at $67,048,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $80.80 on Wednesday. The business’s fifty day simple moving average is $77.91 and its two-hundred day simple moving average is $77.11. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 164.89, a P/E/G ratio of 0.80 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.During the same period in the prior year, the business posted $2.41 earnings per share. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 653.06%.

Omnicom Group declared that its board has initiated a stock buyback plan on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OMC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Morgan Stanley started coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Citigroup upped their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Barclays increased their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Finally, UBS Group raised their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.00.

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.