Rockefeller Capital Management L.P. Purchases New Holdings in Omnicom Group Inc. (NYSE:OMC)

Rockefeller Capital Management L.P. acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,504 shares of the business services provider's stock, valued at approximately $991,000.

A number of other large investors have also recently added to or reduced their stakes in OMC. Sterling Capital Management LLC increased its stake in shares of Omnicom Group by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 11,474 shares of the business services provider's stock worth $987,000 after purchasing an additional 4,094 shares in the last quarter. LSV Asset Management increased its position in Omnicom Group by 18.0% during the fourth quarter. LSV Asset Management now owns 53,880 shares of the business services provider's stock worth $4,636,000 after buying an additional 8,200 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Omnicom Group by 0.7% in the fourth quarter. Bessemer Group Inc. now owns 36,832 shares of the business services provider's stock worth $3,170,000 after acquiring an additional 247 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $8,924,000. Finally, Bank of Nova Scotia boosted its stake in shares of Omnicom Group by 4.6% during the fourth quarter. Bank of Nova Scotia now owns 28,750 shares of the business services provider's stock valued at $2,474,000 after acquiring an additional 1,260 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 2.0 %

NYSE OMC traded down $1.50 during mid-day trading on Friday, hitting $74.87. The company's stock had a trading volume of 2,748,397 shares, compared to its average volume of 2,195,515. The firm has a market capitalization 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 Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The stock's fifty day simple moving average is $78.75 and its two-hundred day simple moving average is $88.53.

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

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $101.29.

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.