Lbp Am Sa Acquires 5,154 Shares of Omnicom Group Inc. (NYSE:OMC)

LBP AM SA boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,095 shares of the business services provider's stock after purchasing an additional 5,154 shares during the quarter. LBP AM SA owned about 0.06% of Omnicom Group worth $10,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Omnicom Group during the fourth quarter valued at approximately $79,321,000. State Street Corp grew its position in 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 valued at $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. World Investment Advisors LLC grew its position in 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 valued at $39,645,000 after acquiring an additional 374,952 shares during the last quarter. Arvest Bank Trust Division bought a new position in Omnicom Group during the third quarter valued at approximately $21,191,000. Finally, Bank of New York Mellon Corp grew its position in Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on OMC shares. JPMorgan Chase & Co. reduced their price target 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. Wells Fargo & Company cut their target price 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. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Macquarie restated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays cut their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Trading Up 0.0 %

Omnicom Group stock traded up $0.01 during mid-day trading on Wednesday, reaching $81.46. 2,731,330 shares of the company traded hands, compared to its average volume of 1,862,921. 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 firm's 50 day moving average price is $83.83 and its 200 day moving average price is $93.47. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

About Omnicom Group

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.