Amundi Has $144.60 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Amundi lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,693,256 shares of the business services provider's stock after purchasing an additional 72,924 shares during the period. Amundi owned 0.86% of Omnicom Group worth $144,603,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc increased its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the period. Trust Co. of Vermont boosted its position in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares during the period. Finally, Brooklyn Investment Group bought a new position in Omnicom Group in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Down 2.6 %

Shares of OMC stock traded down $2.11 during trading hours on Wednesday, hitting $80.40. 1,796,832 shares of the company were exchanged, compared to its average volume of 1,841,098. The company has a 50 day simple moving average of $84.35 and a two-hundred day simple moving average of $94.13. The firm has a market cap of $15.80 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a fifty-two week low of $79.33 and a fifty-two week high of $107.00.

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Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 period in the previous year, the business earned $2.20 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OMC. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Macquarie reiterated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. 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. Finally, Barclays decreased their price target on 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $108.25.

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.