17,209 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 17,209 shares of the business services provider's stock, valued at approximately $1,481,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its holdings in shares of Omnicom Group by 645.2% in the 4th 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 position in Omnicom Group by 146.6% in the 4th 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 period. Trust Co. of Vermont increased its stake in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after purchasing an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Omnicom Group during the third quarter worth $55,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OMC. UBS Group decreased their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Macquarie reissued an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.75.

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Omnicom Group Stock Performance

OMC traded up $0.95 during trading on Tuesday, hitting $80.38. 2,869,420 shares of the company traded hands, compared to its average volume of 3,334,190. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The stock's fifty day moving average is $83.62 and its 200 day moving average is $92.94. 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 $15.79 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $2.20 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Omnicom Group's payout ratio is 37.58%.

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.