Omnicom Group Inc. (NYSE:OMC) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,099 shares of the business services provider’s stock after buying an additional 1,815 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Omnicom Group were worth $441,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OMC. Aviva PLC grew its stake in Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after purchasing an additional 101,348 shares during the last quarter. NBC Securities Inc. purchased a new position in Omnicom Group during the 3rd quarter worth approximately $200,000. Arvest Investments Inc. acquired a new stake in Omnicom Group during the 4th quarter valued at approximately $1,969,000. Raymond James & Associates boosted its holdings in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after acquiring an additional 13,709 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Omnicom Group by 1,627.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Macquarie upped their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group Stock Up 0.1 %

Shares of OMC opened at $92.75 on Monday. The stock has a 50 day moving average price of $92.93 and a 200 day moving average price of $86.86. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts forecast that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

About Omnicom Group

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.