Groupama Asset Managment Has $1.06 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Groupama Asset Managment increased its position in Omnicom Group Inc. (NYSE:OMC) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,388 shares of the business services provider’s stock after purchasing an additional 2,154 shares during the quarter. Groupama Asset Managment’s holdings in Omnicom Group were worth $1,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after acquiring an additional 1,027,567 shares during the period. Raymond James Financial Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at $79,321,000. State Street Corp increased its stake in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. World Investment Advisors LLC raised its holdings in Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after buying an additional 374,952 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Omnicom Group in the fourth quarter valued at $23,163,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Down 0.4 %

Shares of NYSE:OMC opened at $79.43 on Thursday. The company has a market capitalization of $15.61 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 1 year low of $78.40 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The business has a fifty day moving average price of $82.91 and a two-hundred day moving average price of $92.08.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 last year, the company earned $2.20 earnings per share. Analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.53%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OMC shares. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays cut their target price 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. Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.43.

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.