Omnicom Group Inc. $OMC Shares Purchased by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 111,931 shares of the business services provider’s stock after acquiring an additional 12,860 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Omnicom Group were worth $9,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. AustralianSuper Pty Ltd raised its holdings in Omnicom Group by 24.2% during the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after purchasing an additional 25,317 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Omnicom Group by 3.7% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock worth $32,318,000 after purchasing an additional 14,155 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Omnicom Group by 155.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after purchasing an additional 55,421 shares in the last quarter. AIA Group Ltd purchased a new position in Omnicom Group during the third quarter worth about $1,376,000. Finally, Nordea Investment Management AB raised its holdings in Omnicom Group by 2,103.2% during the fourth quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after purchasing an additional 392,392 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on OMC. The Goldman Sachs Group began coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Barclays increased their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Citigroup cut their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Down 2.3%

OMC stock opened at $73.92 on Thursday. The company’s 50 day simple moving average is $75.45 and its 200-day simple moving average is $76.64. The firm has a market capitalization of $21.07 billion, a PE ratio of 189.54, a P/E/G ratio of 0.45 and a beta of 0.63. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Omnicom Group declared that its board has authorized a share buyback program on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 38.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.