Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,809 shares of the business services provider’s stock after purchasing an additional 835 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Omnicom Group were worth $6,384,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its holdings in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Omnicom Group during the third quarter valued at $713,000. Thrivent Financial for Lutherans boosted its holdings in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares during the period. Assetmark Inc. boosted its holdings in shares of Omnicom Group by 2.0% during the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after acquiring an additional 9,774 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after acquiring an additional 38,022 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Omnicom Group Price Performance

NYSE OMC opened at $83.34 on Wednesday. The stock’s 50-day moving average price is $86.08 and its two-hundred day moving average price is $95.44. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.38 billion, a PE ratio of 11.19, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the firm posted $2.20 EPS. On average, analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Dividend Announcement

The firm 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 3.36%. Omnicom Group’s dividend payout ratio is 37.58%.

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.