RWC Asset Management LLP Has $38.35 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

RWC Asset Management LLP increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,704 shares of the business services provider’s stock after purchasing an additional 18,497 shares during the quarter. Omnicom Group makes up approximately 1.9% of RWC Asset Management LLP’s holdings, making the stock its 13th biggest holding. RWC Asset Management LLP owned approximately 0.23% of Omnicom Group worth $38,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in Omnicom Group by 2.7% during the third quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock valued at $1,299,000 after purchasing an additional 325 shares during the period. International Assets Investment Management LLC raised its position in shares of Omnicom Group by 389,021.8% during the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock worth $22,127,000 after purchasing an additional 213,962 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 8.1% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 5,255 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 392 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Omnicom Group by 38.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,296 shares of the business services provider’s stock valued at $1,983,000 after purchasing an additional 5,325 shares during the period. Finally, Forsta AP Fonden increased its stake in Omnicom Group by 9.3% during the 3rd quarter. Forsta AP Fonden now owns 82,000 shares of the business services provider’s stock worth $8,478,000 after purchasing an additional 7,000 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $82.27 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $85.44 and a 200 day simple moving average of $95.22. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the firm earned $2.20 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

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 of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OMC shares. Wells Fargo & Company lowered their price objective 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 reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group 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.