Allianz Asset Management GmbH Has $27.11 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Allianz Asset Management GmbH grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 315,045 shares of the business services provider’s stock after purchasing an additional 6,718 shares during the period. Allianz Asset Management GmbH’s holdings in Omnicom Group were worth $27,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hussman Strategic Advisors Inc. purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $2,168,000. Concurrent Investment Advisors LLC boosted its holdings in Omnicom Group by 14.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,544 shares of the business services provider’s stock worth $477,000 after purchasing an additional 696 shares during the last quarter. Handelsbanken Fonder AB grew its position in Omnicom Group by 119.6% in the 4th quarter. Handelsbanken Fonder AB now owns 96,051 shares of the business services provider’s stock worth $8,264,000 after purchasing an additional 52,320 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Omnicom Group in the 4th quarter valued at about $4,646,000. Finally, Global Retirement Partners LLC lifted its position in shares of Omnicom Group by 7.6% during the 4th quarter. Global Retirement Partners LLC now owns 18,026 shares of the business services provider’s stock worth $1,551,000 after buying an additional 1,267 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.7 %

OMC stock opened at $83.70 on Tuesday. The stock has a fifty day moving average of $85.29 and a 200-day moving average of $95.15. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $2.20 EPS. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the subject of several recent analyst reports. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One investment 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 presently has a consensus rating of “Moderate Buy” and an average target price 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.