Alberta Investment Management Corp Takes Position in Omnicom Group Inc. (NYSE:OMC)

Alberta Investment Management Corp acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 54,000 shares of the business services provider’s stock, valued at approximately $4,646,000.

Several other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in Omnicom Group by 7.6% in the fourth quarter. Global Retirement Partners LLC now owns 18,026 shares of the business services provider’s stock worth $1,551,000 after buying an additional 1,267 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its position in Omnicom Group by 57.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,114 shares of the business services provider’s stock worth $784,000 after buying an additional 3,321 shares during the period. Proactive Wealth Strategies LLC increased its position in Omnicom Group by 6.7% in the fourth quarter. Proactive Wealth Strategies LLC now owns 3,486 shares of the business services provider’s stock worth $300,000 after buying an additional 220 shares during the period. BKM Wealth Management LLC increased its position in Omnicom Group by 8.9% in the fourth quarter. BKM Wealth Management LLC now owns 13,916 shares of the business services provider’s stock worth $1,197,000 after buying an additional 1,134 shares during the period. Finally, Kestra Investment Management LLC increased its holdings in shares of Omnicom Group by 63.8% during the fourth quarter. Kestra Investment Management LLC now owns 4,156 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 1,618 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC opened at $83.66 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The firm has a market cap of $16.44 billion, a P/E ratio of 11.23, a PEG ratio of 1.91 and a beta of 0.97. The firm’s 50 day moving average price is $85.90 and its two-hundred day moving average price is $95.37.

Omnicom Group (NYSE:OMC) last released 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 net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the company earned $2.20 EPS. On average, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Omnicom Group 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.