The Manufacturers Life Insurance Company Has $64.49 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

The Manufacturers Life Insurance Company lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 445.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 749,506 shares of the business services provider’s stock after acquiring an additional 612,128 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.38% of Omnicom Group worth $64,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $513,922,000 after purchasing an additional 1,992,695 shares in the last quarter. FMR LLC boosted its position in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after buying an additional 1,436,231 shares during the period. JPMorgan Chase & Co. grew its holdings in Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock worth $184,730,000 after acquiring an additional 1,027,567 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Omnicom Group in the 4th quarter valued at approximately $79,321,000. Finally, First Trust Advisors LP raised its stake in shares of Omnicom Group by 23.8% during the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock valued at $334,076,000 after acquiring an additional 747,575 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $75.90 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The firm has a 50 day moving average of $78.44 and a 200-day moving average of $88.06. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.69%. Omnicom Group’s payout ratio is currently 38.30%.

Analyst Ratings Changes

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