Omnicom Group Inc. (NYSE:OMC) Position Increased by Amundi

Amundi raised its position in Omnicom Group Inc. (NYSE:OMC) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,693,256 shares of the business services provider’s stock after buying an additional 72,924 shares during the quarter. Amundi’s holdings in Omnicom Group were worth $144,603,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. Trust Co. of Vermont grew its position in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Omnicom Group during the 3rd quarter worth $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

OMC opened at $85.62 on Tuesday. 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’s 50 day moving average price is $84.42 and its two-hundred day moving average price is $94.25. The firm has a market capitalization of $16.82 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 12-month low of $79.57 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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 period in the prior year, the business earned $2.20 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OMC shares. Wells Fargo & Company reduced 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 note on Tuesday, December 10th. Barclays reduced their price target 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. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.