Exane Asset Management Takes $5.79 Million Position in Omnicom Group Inc. (NYSE:OMC)

Exane Asset Management acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,002 shares of the business services provider’s stock, valued at approximately $5,791,000. Omnicom Group accounts for approximately 3.2% of Exane Asset Management’s investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMC. State Street Corp lifted its stake in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the period. Geode Capital Management LLC raised its holdings in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC lifted its position in Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. Bank of Montreal Can lifted its position in Omnicom Group by 23.6% in the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after purchasing an additional 134,927 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Omnicom Group by 16.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after purchasing an additional 97,661 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on OMC shares. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company dropped 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 research report on Tuesday, December 10th. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Down 0.6 %

Shares of NYSE:OMC opened at $83.76 on Friday. The firm has a 50 day simple moving average of $88.88 and a 200 day simple moving average of $96.01. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market cap of $16.46 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the company earned $2.20 earnings per share. As a group, research analysts expect that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.34%. Omnicom Group’s payout ratio is presently 37.58%.

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.