Lbp Am Sa Grows Position in Omnicom Group Inc. (NYSE:OMC)

Lbp Am Sa boosted its position in Omnicom Group Inc. (NYSE:OMC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,095 shares of the business services provider’s stock after purchasing an additional 5,154 shares during the period. Lbp Am Sa owned approximately 0.06% of Omnicom Group worth $10,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sigma Planning Corp purchased a new stake in shares of Omnicom Group during the third quarter valued at $223,000. Versor Investments LP bought a new stake in Omnicom Group during the 3rd quarter valued at about $355,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Omnicom Group by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 490,104 shares of the business services provider’s stock valued at $50,672,000 after buying an additional 9,864 shares during the period. KBC Group NV grew its stake in Omnicom Group by 5.5% in the 3rd quarter. KBC Group NV now owns 101,101 shares of the business services provider’s stock worth $10,453,000 after acquiring an additional 5,286 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Omnicom Group by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.8 %

NYSE OMC opened at $80.92 on Friday. The firm has a market cap of $15.90 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. 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 50 day moving average price of $83.98 and a 200 day moving average price of $93.81.

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 last year, the business earned $2.20 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced 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 report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group 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.