Groupama Asset Managment Buys 5,522 Shares of Omnicom Group Inc. (NYSE:OMC)

Groupama Asset Managment grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 117.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,234 shares of the business services provider's stock after acquiring an additional 5,522 shares during the period. Groupama Asset Managment's holdings in Omnicom Group were worth $1,058,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Resonant Capital Advisors LLC increased its position in Omnicom Group by 1.7% in the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock worth $613,000 after buying an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Omnicom Group by 17.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock valued at $66,000 after acquiring an additional 97 shares during the period. Integrated Advisors Network LLC boosted its position in Omnicom Group by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after purchasing an additional 100 shares during the period. Iowa State Bank increased its stake in shares of Omnicom Group by 0.4% in the third quarter. Iowa State Bank now owns 24,447 shares of the business services provider's stock worth $2,528,000 after purchasing an additional 101 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock valued at $514,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Barclays raised their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Macquarie increased their price target on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $108.89.

Omnicom Group Price Performance

NYSE OMC traded down $0.36 during trading hours on Tuesday, reaching $92.46. 4,898,517 shares of the stock traded hands, compared to its average volume of 1,594,097. The stock has a 50 day simple moving average of $102.43 and a two-hundred day simple moving average of $97.34. Omnicom Group Inc. has a 1 year low of $82.26 and a 1 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. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period last year, the business earned $1.86 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.03%. Omnicom Group's 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.