Exane Asset Management Acquires New Shares in Omnicom Group Inc. (NYSE:OMC)

Exane Asset Management purchased a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 holdings, making the stock its 10th biggest position.

A number of other institutional investors also recently bought and sold shares of OMC. State Street Corp raised its holdings in shares of Omnicom Group by 5.7% during the third 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 during the last quarter. Geode Capital Management LLC raised its stake 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 during the last quarter. Barclays PLC lifted its holdings in shares of Omnicom Group by 1.7% in 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 during the period. Bank of Montreal Can boosted its stake in shares of 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 buying an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider's stock worth $71,878,000 after acquiring an additional 97,661 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Omnicom Group stock traded down $0.24 during midday trading on Tuesday, reaching $82.34. The company had a trading volume of 1,963,212 shares, compared to its average volume of 2,448,278. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The firm's fifty day simple moving average is $88.01 and its 200-day simple moving average is $95.94. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The company has a market capitalization of $16.18 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS 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 in the previous year, the business earned $2.20 earnings per share. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

Analysts Set New Price Targets

OMC has been the topic of several recent research reports. Macquarie restated an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company lowered 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. UBS Group lifted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered 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 note on Monday, January 27th. Finally, Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One equities 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $108.25.

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.