Manning & Napier Advisors LLC Has $4.95 Million Position in Omnicom Group Inc. (NYSE:OMC)

Manning & Napier Advisors LLC decreased its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,504 shares of the business services provider's stock after selling 6,953 shares during the period. Manning & Napier Advisors LLC's holdings in Omnicom Group were worth $4,948,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OMC. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Omnicom Group by 16.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider's stock worth $295,000 after acquiring an additional 401 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at about $713,000. Thrivent Financial for Lutherans boosted its position in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after acquiring an additional 8,643 shares in the last quarter. Finally, Assetmark Inc. raised its position in Omnicom Group by 2.0% in the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock worth $50,562,000 after purchasing an additional 9,774 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OMC shares. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Macquarie reissued an "outperform" rating and set a $120.00 price target 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 for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Trading Up 0.4 %

Shares of OMC stock traded up $0.33 on Thursday, reaching $87.14. 809,563 shares of the stock were exchanged, compared to its average volume of 2,107,183. The stock has a 50 day moving average price of $90.99 and a 200 day moving average price of $96.31. The stock has a market cap of $17.00 billion, a PE ratio of 11.90, a P/E/G ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group's dividend payout ratio is 38.25%.

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.