Alberta Investment Management Corp Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

Alberta Investment Management Corp bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 54,000 shares of the business services provider’s stock, valued at approximately $4,646,000.

Several other large investors have also added to or reduced their stakes in OMC. World Investment Advisors LLC increased its stake in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Omnicom Group in the 3rd quarter valued at approximately $713,000. Thrivent Financial for Lutherans grew its stake in Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares in the last quarter. Assetmark Inc. grew its stake in Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after buying an additional 9,774 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after buying an additional 38,022 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Argus downgraded shares of 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 shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Up 0.2 %

NYSE:OMC opened at $83.66 on Thursday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 11.23, a PEG ratio of 1.91 and a beta of 0.97. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company’s fifty day moving average price is $85.90 and its 200-day moving average price is $95.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business earned $2.20 earnings per share. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Omnicom Group’s payout ratio is 37.58%.

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.