The Manufacturers Life Insurance Company Has $64.49 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

The Manufacturers Life Insurance Company grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 445.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 749,506 shares of the business services provider's stock after purchasing an additional 612,128 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.38% of Omnicom Group worth $64,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its stake in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after buying an additional 195 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of research analyst reports. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays reduced their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Up 1.7 %

Shares of NYSE OMC traded up $1.29 during mid-day trading on Friday, hitting $77.04. The company had a trading volume of 2,636,986 shares, compared to its average volume of 2,217,330. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a 50-day simple moving average of $78.02 and a two-hundred day simple moving average of $87.60. The company has a market capitalization of $15.03 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 38.30%.

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.