Groupama Asset Managment Buys 14,922 Shares of Omnicom Group Inc. $OMC

Groupama Asset Managment increased its stake in Omnicom Group Inc. (NYSE:OMC) by 428.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,401 shares of the business services provider’s stock after buying an additional 14,922 shares during the period. Groupama Asset Managment’s holdings in Omnicom Group were worth $1,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Omnicom Group in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID boosted its position in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. Finally, EFG International AG purchased a new stake in Omnicom Group in the fourth quarter worth $28,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. Citigroup decreased their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Finally, Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Performance

Shares of OMC stock opened at $71.36 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average price of $75.38 and a 200-day moving average price of $76.73. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The firm has a market capitalization of $20.34 billion, a PE ratio of 182.99, a P/E/G ratio of 0.43 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.