USS Investment Management Ltd Takes Position in Omnicom Group Inc. (OMC)

USS Investment Management Ltd acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, Holdings Channel reports. The fund acquired 90,800 shares of the business services provider’s stock, valued at approximately $6,615,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of OMC. Janus Henderson Group PLC lifted its holdings in shares of Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after acquiring an additional 4,963,787 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Omnicom Group by 501.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after acquiring an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after acquiring an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD lifted its holdings in shares of Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after acquiring an additional 1,653,208 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Omnicom Group by 115.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,236,008 shares of the business services provider’s stock worth $102,465,000 after acquiring an additional 662,786 shares during the last quarter.

In related news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now owns 21,271 shares in the company, valued at approximately $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Omnicom Group Inc. (OMC) opened at $74.32 on Wednesday. Omnicom Group Inc. has a 52-week low of $65.32 and a 52-week high of $87.43. The stock has a market cap of $17,502.04, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities research analysts expect that Omnicom Group Inc. will post 5.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were given a $0.60 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.23%. Omnicom Group’s payout ratio is presently 47.81%.

A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Royal Bank of Canada dropped their price objective on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $86.00 to $89.00 in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, October 18th. Finally, Morgan Stanley cut shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price on the stock. in a research report on Monday, October 16th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Omnicom Group has an average rating of “Hold” and a consensus target price of $84.36.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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