Royal Bank of Canada Buys 19,101 Shares of Omnicom Group Inc. (NYSE:OMC)

Royal Bank of Canada boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 429,393 shares of the business services provider's stock after purchasing an additional 19,101 shares during the period. Royal Bank of Canada owned about 0.22% of Omnicom Group worth $36,945,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA grew its position in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Omnicom Group in the fourth quarter valued at about $150,819,000. FMR LLC grew its position in shares of Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Omnicom Group during the 4th quarter worth approximately $79,321,000. Institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMC shares. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Up 0.3%

Shares of Omnicom Group stock traded up $0.24 on Wednesday, reaching $74.49. The company's stock had a trading volume of 590,439 shares, compared to its average volume of 2,259,467. 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 $69.13 and a 52 week high of $107.00. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.94 and a beta of 0.95. The firm's fifty day simple moving average is $75.89 and its two-hundred day simple moving average is $84.30.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.76%. Omnicom Group's dividend payout ratio is currently 38.30%.

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.