AMP Capital Investors Ltd increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 202,954 shares of the business services provider’s stock after buying an additional 63,180 shares during the quarter. AMP Capital Investors Ltd owned about 0.09% of Omnicom Group worth $14,781,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. First Eagle Investment Management LLC lifted its position in Omnicom Group by 12.4% during the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after buying an additional 1,671,452 shares in the last quarter. Pzena Investment Management LLC lifted its position in Omnicom Group by 20.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock worth $557,408,000 after buying an additional 1,310,260 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in Omnicom Group by 12.4% during the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock worth $462,899,000 after buying an additional 702,181 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Omnicom Group by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock worth $451,110,000 after buying an additional 1,366,325 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Omnicom Group by 11.9% during the fourth quarter. Mackenzie Financial Corp now owns 4,937,280 shares of the business services provider’s stock worth $359,582,000 after buying an additional 525,157 shares in the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now owns 42,561 shares in the company, valued at $3,293,370.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
Omnicom Group (NYSE:OMC) last posted its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. equities research analysts expect that Omnicom Group Inc. will post 5.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be given a $0.60 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. Omnicom Group’s dividend payout ratio is currently 46.97%.
A number of equities analysts recently commented on OMC shares. TheStreet upgraded Omnicom Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Wells Fargo & Co reiterated a “hold” rating and set a $80.00 price objective on shares of Omnicom Group in a research report on Friday, February 16th. Pivotal Research reduced their price objective on Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 15th. ValuEngine downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays reiterated a “hold” rating and set a $81.00 price objective on shares of Omnicom Group in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $82.77.
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Omnicom Group Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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