Crestline Management LP Grows Stake in Omnicom Group Inc. (NYSE:OMC)

Crestline Management LP boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 157.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,580 shares of the business services provider’s stock after buying an additional 5,853 shares during the quarter. Crestline Management LP’s holdings in Omnicom Group were worth $824,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OMC. Vanguard Group Inc. boosted its stake in shares of Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock worth $1,982,518,000 after acquiring an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after buying an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock valued at $442,453,000 after buying an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock worth $334,076,000 after buying an additional 747,575 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

NYSE OMC opened at $75.94 on Friday. The stock has a market cap of $14.82 billion, a PE ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The stock has a fifty day simple moving average of $77.45 and a 200-day simple moving average of $86.65. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.29.

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.