Grantham Mayo Van Otterloo & Co. LLC Invests $13.20 Million in Omnicom Group Inc. (NYSE:OMC)

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 153,468 shares of the business services provider’s stock, valued at approximately $13,204,000. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.08% of Omnicom Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Public Sector Pension Investment Board grew its stake in shares of Omnicom Group by 11.8% during the third quarter. Public Sector Pension Investment Board now owns 8,522 shares of the business services provider’s stock worth $881,000 after acquiring an additional 900 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Omnicom Group by 4.4% in the 3rd quarter. Janus Henderson Group PLC now owns 23,647 shares of the business services provider’s stock worth $2,445,000 after purchasing an additional 1,000 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in Omnicom Group during the 3rd quarter worth approximately $252,000. Royal London Asset Management Ltd. increased its stake in Omnicom Group by 8.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 96,873 shares of the business services provider’s stock valued at $10,016,000 after purchasing an additional 7,244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Omnicom Group by 25.0% in the third quarter. Quantinno Capital Management LP now owns 21,286 shares of the business services provider’s stock worth $2,201,000 after buying an additional 4,262 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

NYSE:OMC opened at $72.65 on Monday. 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 52 week low of $71.24 and a 52 week high of $107.00. The stock’s 50-day moving average price is $82.42 and its 200-day moving average price is $91.62. The stock has a market capitalization of $14.28 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OMC. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.43.

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.