Groupama Asset Managment Decreases Stock Position in Omnicom Group Inc. $OMC

Key Points

• Groupama Asset Management has reduced its holdings in Omnicom Group by 30.2%, now owning 8,653 shares worth approximately $694,000.
• Several institutional investors have adjusted their stakes in Omnicom Group, with CoreCap Advisors LLC increasing its holdings by 708.8% in the last quarter.
• Analysts have mixed ratings on Omnicom Group, with a consensus rating of "Moderate Buy" and an average price target of $94.43, following recent adjustments from major brokerages.

Groupama Asset Managment reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 30.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,653 shares of the business services provider's stock after selling 3,735 shares during the quarter. Groupama Asset Managment's holdings in Omnicom Group were worth $694,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. grew its stake in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Omnicom Group in the first quarter worth about $34,000. Gen Wealth Partners Inc bought a new stake in shares of Omnicom Group in the first quarter worth about $36,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after purchasing an additional 404 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, June 23rd. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company cut their price objective on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.43.

Omnicom Group Stock Down 1.1%

Shares of OMC stock traded down $0.83 during trading hours on Tuesday, hitting $78.32. 1,041,721 shares of the company's stock traded hands, compared to its average volume of 3,629,527. The stock's fifty day simple moving average is $73.62 and its two-hundred day simple moving average is $75.98. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.58 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the business earned $1.95 earnings per share. The business's revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

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.