Mirae Asset Global Investments Co. Ltd. Has $3.45 Million Position in Omnicom Group Inc. (NYSE:OMC)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,887 shares of the business services provider's stock after selling 32,801 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Omnicom Group were worth $3,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. First Trust Advisors LP increased its holdings in shares of Omnicom Group by 683.2% during the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider's stock worth $251,016,000 after buying an additional 2,579,717 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider's stock valued at $225,842,000 after purchasing an additional 1,503,249 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Omnicom Group by 81.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider's stock valued at $144,111,000 after purchasing an additional 683,810 shares in the last quarter. Boston Partners increased its holdings in Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider's stock valued at $277,726,000 after purchasing an additional 664,800 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Omnicom Group in the 1st quarter valued at $59,124,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.6 %

NYSE:OMC traded up $1.49 on Wednesday, reaching $92.45. The stock had a trading volume of 3,462,323 shares, compared to its average volume of 1,638,108. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $91.25 and a 200 day moving average of $85.14. The stock has a market cap of $18.23 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.58 billion. On average, research analysts predict that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Omnicom Group's payout ratio is 40.46%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company's stock, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OMC shares. UBS Group started coverage on Omnicom Group in a report on Thursday, January 11th. They issued a "buy" rating and a $117.00 price target for the company. BNP Paribas upgraded Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Wells Fargo & Company upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $91.00 to $106.00 in a report on Wednesday. Macquarie increased their price target on Omnicom Group from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. Finally, Barclays upped their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.56.

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.