Asset Management One Co. Ltd. Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Asset Management One Co. Ltd. raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,474 shares of the business services provider's stock after buying an additional 7,665 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Omnicom Group were worth $6,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OMC. Johnson Financial Group Inc. boosted its holdings in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after buying an additional 200 shares during the period. Versant Capital Management Inc raised its holdings in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares during the period. CoreCap Advisors LLC lifted its position in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after acquiring an additional 323 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of Omnicom Group in the first quarter worth $47,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Citigroup reiterated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a report on Monday, June 23rd. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.43.

Omnicom Group Price Performance

Shares of OMC traded up $0.43 during trading hours on Monday, reaching $71.79. 245,089 shares of the company's stock traded hands, compared to its average volume of 2,557,596. The stock has a market cap of $14.01 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. The firm's 50 day simple moving average is $73.55 and its 200-day simple moving average is $79.42. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

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.