Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,144 shares of the business services provider's stock after buying an additional 13,709 shares during the quarter. Raymond James & Associates owned approximately 0.22% of Omnicom Group worth $37,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Omnicom Group by 4.2% in the second quarter. BlackRock Inc. now owns 18,744,473 shares of the business services provider's stock valued at $1,783,537,000 after purchasing an additional 749,118 shares in the last quarter. State Street Corp raised its stake in Omnicom Group by 3.1% in the second quarter. State Street Corp now owns 11,303,089 shares of the business services provider's stock valued at $1,083,214,000 after purchasing an additional 337,392 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Omnicom Group by 5.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider's stock valued at $631,076,000 after purchasing an additional 362,985 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Omnicom Group by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider's stock valued at $353,437,000 after purchasing an additional 374,874 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. raised its stake in Omnicom Group by 1.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 4,712,072 shares of the business services provider's stock valued at $448,353,000 after purchasing an additional 72,036 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.7 %

Shares of NYSE:OMC traded up $1.60 during midday trading on Friday, reaching $96.76. The company's stock had a trading volume of 2,248,283 shares, compared to its average volume of 1,861,506. The firm has a 50 day moving average of $90.24 and a 200-day moving average of $83.40. The firm has a market capitalization of $19.16 billion, a P/E ratio of 13.98, a PEG ratio of 2.28 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. On average, research analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, March 8th. Omnicom Group's payout ratio is 40.46%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Morgan Stanley upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $90.00 to $100.00 in a report on Friday, December 15th. UBS Group initiated coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a "buy" rating and a $117.00 target price on the stock. Barclays raised their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Finally, StockNews.com cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.33.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Company 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.