Natixis Advisors L.P. Acquires 7,671 Shares of Omnicom Group Inc. (NYSE:OMC)

Natixis Advisors L.P. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,276 shares of the business services provider’s stock after buying an additional 7,671 shares during the quarter. Natixis Advisors L.P. owned approximately 0.08% of Omnicom Group worth $13,865,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OMC. OFI Invest Asset Management bought a new stake in Omnicom Group during the third quarter worth about $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth approximately $26,000. 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 valued at $28,000 after buying an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Omnicom Group in the third quarter valued at $38,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after buying an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. Finally, UBS Group began coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Omnicom Group Stock Up 1.6 %

OMC stock opened at $94.72 on Wednesday. The business has a 50-day simple moving average of $93.12 and a 200 day simple moving average of $87.14. The company has a market cap of $18.55 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. 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 (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at $911,044.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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.