Financiere des Professionnels Fonds d investissement inc. Acquires 20,463 Shares of Omnicom Group Inc. (NYSE:OMC)

Financiere des Professionnels Fonds d investissement inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 36.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,153 shares of the business services provider’s stock after buying an additional 20,463 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Omnicom Group were worth $6,552,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after buying an additional 72,447 shares during the last quarter. Barclays PLC grew its position in shares of Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after buying an additional 13,637 shares during the last quarter. Bank of Montreal Can grew its position in shares of Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after buying an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after buying an additional 97,661 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.4 %

Shares of NYSE:OMC opened at $82.28 on Monday. The stock has a fifty day simple moving average of $86.29 and a two-hundred day simple moving average of $95.54. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27.

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, beating 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 previous year, the business earned $2.20 earnings per share. On average, research analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OMC. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company dropped their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company 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.