Manning & Napier Advisors LLC Has $4.95 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Manning & Napier Advisors LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,504 shares of the business services provider’s stock after selling 6,953 shares during the period. Manning & Napier Advisors LLC’s holdings in Omnicom Group were worth $4,948,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of OMC. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc increased its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new position in Omnicom Group during the third quarter worth $33,000. Davis Capital Management acquired a new position in Omnicom Group in the third quarter valued at $36,000. Finally, HM Payson & Co. boosted its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $86.96 on Thursday. The company has a market cap of $16.97 billion, a P/E ratio of 11.88, a PEG ratio of 1.88 and a beta of 0.98. The company has a fifty day simple moving average of $91.23 and a 200 day simple moving average of $96.37. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is presently 38.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.