Norinchukin Bank The Increases Holdings in Omnicom Group Inc. (NYSE:OMC)

Norinchukin Bank The boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,534 shares of the business services provider’s stock after acquiring an additional 3,531 shares during the quarter. Norinchukin Bank The’s holdings in Omnicom Group were worth $1,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. World Investment Advisors LLC lifted its stake 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 last quarter. Franklin Resources Inc. boosted its holdings in Omnicom Group by 19.7% during the 3rd 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. Fort Washington Investment Advisors Inc. OH increased its stake in Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after purchasing an additional 50,153 shares during the period. Arvest Bank Trust Division bought a new stake in shares of Omnicom Group during the third quarter worth $21,191,000. Finally, Avanza Fonder AB bought a new position in shares of Omnicom Group in the fourth quarter worth about $1,544,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Citigroup reissued a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Stock Down 1.5 %

Shares of Omnicom Group stock opened at $72.14 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $14.18 billion, a P/E ratio of 9.68, a PEG ratio of 1.94 and a beta of 0.87. The firm’s 50 day moving average price is $79.39 and its 200-day moving average price is $89.10. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 38.30%.

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.