Alberta Investment Management Corp Buys New Stake in Omnicom Group Inc. (NYSE:OMC)

Alberta Investment Management Corp bought a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 54,000 shares of the business services provider's stock, valued at approximately $4,646,000.

Several other hedge funds also recently bought and sold shares of OMC. State Street Corp lifted its stake in 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 purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after buying an additional 72,447 shares in the last quarter. Barclays PLC raised its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock valued at $84,741,000 after buying an additional 13,637 shares in the last quarter. Bank of Montreal Can raised its position in shares of Omnicom Group by 23.6% during the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider's stock valued at $72,465,000 after buying an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of 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 buying an additional 97,661 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 1.6 %

OMC stock traded down $1.36 during mid-day trading on Friday, reaching $82.25. The company had a trading volume of 1,095,140 shares, compared to its average volume of 2,496,040. 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 company has a market capitalization of $16.16 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The firm has a 50 day moving average of $85.60 and a 200 day moving average of $95.21. Omnicom Group Inc. has a 12 month low of $80.31 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $2.20 EPS. On average, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Omnicom Group's dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Macquarie reiterated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average price target of $108.25.

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.