Financiere des Professionnels Fonds d investissement inc. Increases Stake in Omnicom Group Inc. (NYSE:OMC)

Financiere des Professionnels Fonds d investissement inc. lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,153 shares of the business services provider's stock after buying an additional 20,463 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Omnicom Group were worth $6,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. State Street Corp grew its holdings in Omnicom Group by 5.7% in 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. World Investment Advisors LLC grew its stake in shares of Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider's stock worth $39,645,000 after acquiring an additional 374,952 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Omnicom Group by 389,021.8% during the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider's stock worth $22,127,000 after acquiring an additional 213,962 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in shares of Omnicom Group during the third quarter worth about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider's stock worth $42,634,000 after acquiring an additional 156,173 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

OMC has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock traded down $0.16 during mid-day trading on Thursday, hitting $83.52. The company had a trading volume of 2,692,763 shares, compared to its average volume of 2,540,117. The company's fifty day moving average is $85.73 and its 200-day moving average is $95.29. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend 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.