OMERS ADMINISTRATION Corp Purchases 1,363 Shares of Omnicom Group Inc. (NYSE:OMC)

OMERS ADMINISTRATION Corp raised its position in Omnicom Group Inc. (NYSE:OMC) by 19.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,220 shares of the business services provider’s stock after buying an additional 1,363 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Omnicom Group were worth $707,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after buying an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after buying an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Omnicom Group by 50.1% in the 4th 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 buying an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Omnicom Group by 23.8% in the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock valued at $334,076,000 after buying an additional 747,575 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays decreased their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company cut their price target 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. Citigroup reissued a “buy” rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Stock Performance

OMC stock opened at $76.98 on Friday. The business’s fifty day moving average is $76.78 and its 200-day moving average is $85.69. 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 company has a market cap of $15.02 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group’s payout ratio is presently 38.30%.

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.