Sumitomo Mitsui Trust Holdings Inc. Has $45.62 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 527,373 shares of the business services provider's stock after selling 11,977 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Omnicom Group worth $45,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Omnicom Group by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider's stock valued at $631,076,000 after acquiring an additional 362,985 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider's stock valued at $353,437,000 after acquiring an additional 374,874 shares in the last quarter. Boston Partners raised its position in shares of Omnicom Group by 21.7% during the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider's stock valued at $277,726,000 after acquiring an additional 664,800 shares in the last quarter. Invesco Ltd. increased its position in Omnicom Group by 0.7% in the first quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider's stock worth $260,361,000 after buying an additional 20,584 shares during the period. Finally, Lazard Asset Management LLC increased its position in Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider's stock worth $225,842,000 after buying an additional 1,503,249 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of OMC traded up $1.12 during trading hours on Friday, reaching $92.62. 2,378,445 shares of the company's stock traded hands, compared to its average volume of 1,469,686. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The business's fifty day simple moving average is $91.51 and its two-hundred day simple moving average is $85.41.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business had revenue of $4.06 billion during the quarter, compared to analysts' expectations of $4 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. Analysts predict that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid 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 yield of 3.02%. Omnicom Group's dividend payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Moffett Nathanson increased their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a "neutral" rating in a research report on Wednesday. StockNews.com raised Omnicom Group from a "hold" rating to a "buy" rating in a research report on Thursday. Barclays increased their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 2nd. Finally, BNP Paribas raised Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight 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 a consensus target price of $103.40.

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.