Groupama Asset Managment Has $1.06 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Groupama Asset Managment grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,388 shares of the business services provider’s stock after acquiring an additional 2,154 shares during the quarter. Groupama Asset Managment’s holdings in Omnicom Group were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock valued at $442,453,000 after purchasing an additional 51,148 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Omnicom Group by 10.8% during the fourth quarter. Franklin Resources Inc. now owns 256,131 shares of the business services provider’s stock worth $22,038,000 after buying an additional 25,063 shares in the last quarter. Boston Research & Management Inc. lifted its stake in shares of Omnicom Group by 2.5% in the 4th quarter. Boston Research & Management Inc. now owns 51,365 shares of the business services provider’s stock valued at $4,419,000 after acquiring an additional 1,255 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its holdings in shares of Omnicom Group by 14.9% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 6,673 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 866 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in Omnicom Group by 0.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 146,594 shares of the business services provider’s stock worth $12,613,000 after acquiring an additional 984 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on OMC shares. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company decreased their price target 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. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.43.

Omnicom Group Trading Down 0.4 %

NYSE:OMC opened at $79.43 on Thursday. Omnicom Group Inc. has a 52 week low of $78.40 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm’s fifty day moving average is $82.91 and its 200-day moving average is $92.08. The firm has a market cap of $15.61 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the company posted $2.20 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.53%. Omnicom Group’s payout ratio is currently 37.58%.

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.