Northern Trust Corp Grows Position in Omnicom Group Inc. (NYSE:OMC)

Northern Trust Corp raised its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,450,839 shares of the business services provider's stock after buying an additional 379,574 shares during the period. Northern Trust Corp owned about 1.25% of Omnicom Group worth $210,870,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions 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 valued at $2,720,000 after buying an additional 17,815 shares during the period. Franklin Resources Inc. raised its position 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 worth $23,860,000 after purchasing an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock valued at $32,411,000 after buying an additional 50,153 shares during the last quarter. Avanza Fonder AB bought a new stake in Omnicom Group during the fourth quarter worth $1,544,000. Finally, LVM Capital Management Ltd. MI purchased a new stake in Omnicom Group in the 4th quarter valued at $585,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC traded down $1.01 on Tuesday, reaching $76.05. 959,916 shares of the company's stock were exchanged, compared to its average volume of 2,212,274. The stock has a fifty day simple moving average of $77.89 and a 200-day simple moving average of $87.16. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is 38.30%.

Analyst Upgrades and Downgrades

OMC has been the topic of several analyst reports. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays reduced their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price target 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. One investment 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

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.