Sumitomo Mitsui DS Asset Management Company Ltd Purchases 232 Shares of Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,278 shares of the business services provider’s stock after buying an additional 232 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Omnicom Group were worth $2,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc lifted its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $33,000. HM Payson & Co. grew its stake in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 1.5 %

Shares of Omnicom Group stock opened at $82.54 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $81.42 and a twelve month high of $107.00. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company’s 50 day moving average is $88.46 and its 200 day moving average is $96.02.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company posted $2.20 EPS. Research analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.39%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, UBS Group boosted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.25.

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.