Aviva PLC Purchases 32,073 Shares of Omnicom Group Inc. (NYSE:OMC)

Aviva PLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,899 shares of the business services provider's stock after acquiring an additional 32,073 shares during the period. Aviva PLC owned about 0.06% of Omnicom Group worth $10,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew 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 purchasing an additional 195 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont raised its position 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 purchasing an additional 490 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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Omnicom Group Trading Up 2.2 %

NYSE OMC traded up $1.64 during trading on Monday, reaching $77.24. 469,400 shares of the stock traded hands, compared to its average volume of 2,140,569. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock's 50-day moving average price is $80.50 and its 200 day moving average price is $90.29.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the firm earned $2.20 EPS. Analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.63%. Omnicom Group's payout ratio is 37.58%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OMC. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $104.43.

Omnicom Group 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.