International Assets Investment Management LLC Grows Stock Position in Omnicom Group Inc. (NYSE:OMC)

International Assets Investment Management LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 8,551.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,959 shares of the business services provider’s stock after buying an additional 7,867 shares during the quarter. International Assets Investment Management LLC’s holdings in Omnicom Group were worth $689,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC raised its position in Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after purchasing an additional 1,503,249 shares during the period. Boston Partners boosted its position in shares of Omnicom Group by 21.7% during the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after acquiring an additional 664,800 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Omnicom Group by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock valued at $353,437,000 after purchasing an additional 374,874 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Omnicom Group by 13.2% in the 3rd quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock valued at $192,976,000 after purchasing an additional 301,927 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Omnicom Group in the 4th quarter valued at about $21,936,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMC has been the subject of several research reports. Moffett Nathanson boosted their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Macquarie raised their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Trading Up 1.9 %

Shares of OMC opened at $95.98 on Thursday. The stock’s 50-day moving average is $92.04 and its two-hundred day moving average is $85.85. The stock has a market cap of $18.80 billion, a PE ratio of 12.97, a P/E/G ratio of 2.20 and a beta of 0.97. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 earnings per share. Equities analysts forecast that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. Omnicom Group’s payout ratio is currently 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by insiders.

Omnicom Group 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.