Latest Stocks: BNP Paribas Arbitrage SA Purchases 162,466 Shares of Omnicom Group Inc. (OMC)

Latest Stocks: BNP Paribas Arbitrage SA Purchases 162,466 Shares of Omnicom Group Inc. (OMC)

BNP Paribas Arbitrage SA increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 136.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,394 shares of the business services provider’s stock after buying an additional 162,466 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.12% of Omnicom Group worth $24,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMG Funds LLC boosted its stake in Omnicom Group by 1.0% in the first quarter. AMG Funds LLC now owns 35,239 shares of the business services provider’s stock worth $3,038,000 after buying an additional 346 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Omnicom Group by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 5,933,025 shares of the business services provider’s stock valued at $511,487,000 after buying an additional 488,684 shares in the last quarter. Point View Wealth Management Inc. boosted its stake in shares of Omnicom Group by 3.6% in the first quarter. Point View Wealth Management Inc. now owns 2,604 shares of the business services provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. US Bancorp DE boosted its stake in shares of Omnicom Group by 0.7% in the first quarter. US Bancorp DE now owns 215,744 shares of the business services provider’s stock valued at $18,599,000 after buying an additional 1,421 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Omnicom Group by 7.2% in the first quarter. Checchi Capital Advisers LLC now owns 3,277 shares of the business services provider’s stock valued at $283,000 after buying an additional 220 shares in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at 84.42 on Tuesday. The stock’s 50 day moving average is $83.42 and its 200-day moving average is $85.10. The firm has a market cap of $19.65 billion, a PE ratio of 17.21 and a beta of 1.28. Omnicom Group Inc. has a 1-year low of $75.61 and a 1-year high of $89.66.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. Omnicom Group had a return on equity of 40.97% and a net margin of 7.42%. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Omnicom Group Inc. will post $5.03 earnings per share for the current year. The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $2.20 dividend on an annualized basis and a yield of 2.61%. Omnicom Group’s dividend payout ratio is presently 45.93%.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. Omnicom Group had a return on equity of 40.97% and a net margin of 7.42%. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Omnicom Group Inc. will post $5.03 earnings per share for the current year. Several analysts have recently commented on the stock. Bank of America Corp assumed coverage on shares of Omnicom Group in a research note on Thursday, March 2nd. They set a “neutral” rating and a $91.00 price target on the stock. Evercore ISI assumed coverage on shares of Omnicom Group in a report on Monday, April 17th. They issued an “in-line” rating and a $91.00 price objective on the stock. They noted that the move was a valuation call. Wedbush cut their price objective on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Barclays PLC restated a “hold” rating and issued a $86.00 price objective on shares of Omnicom Group in a report on Thursday, April 20th. Finally, Atlantic Securities lowered shares of Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 target price on the stock. in a report on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.50.

In related news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the transaction, the director now directly owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total value of $1,935,948.00. Following the sale, the chairman now directly owns 105,250 shares in the company, valued at $8,936,777.50. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders. Omnicom Group Company Profile

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