National Pension Service Has $34.31 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

National Pension Service lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 6.2% in the 4th quarter, Holdings Channel reports. The firm owned 398,718 shares of the business services provider’s stock after selling 26,312 shares during the quarter. National Pension Service’s holdings in Omnicom Group were worth $34,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OMC. Private Advisor Group LLC lifted its position in Omnicom Group by 2.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock worth $1,299,000 after acquiring an additional 325 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Omnicom Group by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,234 shares of the business services provider’s stock worth $2,608,000 after acquiring an additional 1,255 shares during the last quarter. abrdn plc lifted its position in Omnicom Group by 40.4% during the 3rd quarter. abrdn plc now owns 77,152 shares of the business services provider’s stock worth $7,943,000 after acquiring an additional 22,210 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after acquiring an additional 100 shares during the last quarter. Finally, HM Payson & Co. lifted its position in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on OMC shares. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE OMC opened at $82.75 on Friday. The stock has a market cap of $16.26 billion, a P/E ratio of 11.11, a PEG ratio of 1.94 and a beta of 0.97. The company’s 50-day simple moving average is $84.86 and its 200 day simple moving average is $94.83. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the company earned $2.20 EPS. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.38%. Omnicom Group’s payout ratio is currently 37.58%.

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.