Omnicom Group Inc. (NYSE:OMC) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 290,135 shares of the business services provider’s stock after acquiring an additional 4,648 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Omnicom Group were worth $24,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Whittier Trust Co. boosted its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OMC shares. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reiterated a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, Barclays lowered their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.29.

Omnicom Group Stock Up 2.7 %

Shares of Omnicom Group stock opened at $73.16 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The firm has a market capitalization of $14.38 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock’s fifty day moving average is $79.57 and its 200-day moving average is $89.39.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s payout ratio is 38.30%.

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.