Norinchukin Bank The Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Norinchukin Bank The lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Whittier Trust Co. raised its holdings in 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 purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Argus downgraded 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 Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Barclays reduced their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Performance

NYSE OMC traded down $1.50 during trading hours on Friday, hitting $74.87. The company's stock had a trading volume of 2,748,397 shares, compared to its average volume of 2,197,412. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The company's 50 day simple moving average is $78.75 and its two-hundred day simple moving average is $88.34. The company has a market cap of $14.61 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. Omnicom Group's dividend payout ratio is currently 38.30%.

Omnicom Group Company 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.