Louisiana State Employees Retirement System Takes Position in Omnicom Group Inc. (NYSE:OMC)

Louisiana State Employees Retirement System acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,000 shares of the business services provider’s stock, valued at approximately $1,038,000.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Omnicom Group in the 3rd quarter worth approximately $38,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Omnicom Group by 116.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Macquarie upped their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, March 28th. Finally, Moffett Nathanson upped their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Price Performance

OMC opened at $95.98 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a fifty day simple moving average of $92.04 and a 200 day simple moving average of $85.85. The stock has a market cap of $18.80 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.20 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

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

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated 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 owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Omnicom Group

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.