Natixis Advisors L.P. Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Natixis Advisors L.P. increased its stake in Omnicom Group Inc. (NYSE:OMC) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,276 shares of the business services provider’s stock after purchasing an additional 7,671 shares during the quarter. Natixis Advisors L.P.’s holdings in Omnicom Group were worth $13,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aviva PLC increased its position in shares of Omnicom Group by 406.1% during the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after buying an additional 101,348 shares during the period. NBC Securities Inc. purchased a new stake in Omnicom Group in the 3rd quarter worth approximately $200,000. Arvest Investments Inc. bought a new position in Omnicom Group in the 4th quarter valued at $1,969,000. Raymond James & Associates raised its position in shares of Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after buying an additional 13,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Omnicom Group by 1,627.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after buying an additional 62,640 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 1.6 %

OMC opened at $94.72 on Wednesday. The business’s 50-day moving average price is $93.12 and its 200-day moving average price is $87.14. The company has a current ratio of 0.93, a quick ratio of 0.81 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 market cap of $18.55 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.18 and a beta of 0.96.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s payout ratio is 37.84%.

Insider Activity

In related news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

OMC has been the topic of several recent analyst reports. Macquarie raised their price target on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $104.40.

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.