Generali Asset Management SPA SGR Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Generali Asset Management SPA SGR bought a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,209 shares of the business services provider’s stock, valued at approximately $1,481,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cibc World Markets Corp grew its stake in Omnicom Group by 2.0% in the 4th quarter. Cibc World Markets Corp now owns 158,025 shares of the business services provider’s stock worth $13,596,000 after acquiring an additional 3,054 shares during the period. Gold Investment Management Ltd. grew its stake in Omnicom Group by 2.0% in the 4th quarter. Gold Investment Management Ltd. now owns 11,442 shares of the business services provider’s stock worth $984,000 after acquiring an additional 219 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Omnicom Group by 5.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,856 shares of the business services provider’s stock worth $1,192,000 after acquiring an additional 714 shares during the period. Brandes Investment Partners LP grew its stake in Omnicom Group by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 701,362 shares of the business services provider’s stock worth $60,345,000 after acquiring an additional 23,411 shares during the period. Finally, LBP AM SA grew its stake in Omnicom Group by 4.5% in the 4th quarter. LBP AM SA now owns 119,095 shares of the business services provider’s stock worth $10,247,000 after acquiring an additional 5,154 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 0.9 %

Shares of Omnicom Group stock opened at $80.74 on Friday. The company has a fifty day moving average price of $83.71 and a 200 day moving average price of $93.30. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last announced 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 net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the business posted $2.20 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed 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 3.47%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. 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. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.