CANADA LIFE ASSURANCE Co Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

CANADA LIFE ASSURANCE Co increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,135 shares of the business services provider’s stock after buying an additional 4,648 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.15% of Omnicom Group worth $24,950,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares during the period. Whittier Trust Co. boosted its position in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after acquiring an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after acquiring an additional 490 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OMC has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday. UBS Group dropped their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup restated a “buy” rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Stock Performance

Omnicom Group stock opened at $73.16 on Friday. 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 firm’s fifty day moving average price is $79.57 and its 200 day moving average price is $89.39. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. Omnicom Group’s dividend payout ratio (DPR) is presently 38.30%.

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.