Elo Mutual Pension Insurance Co Buys 4,270 Shares of Omnicom Group Inc. (NYSE:OMC)

Elo Mutual Pension Insurance Co grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 24.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,665 shares of the business services provider’s stock after acquiring an additional 4,270 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Omnicom Group were worth $1,864,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OMC. Raymond James Financial Inc. bought a new position in Omnicom Group during the fourth quarter valued at $79,321,000. State Street Corp increased its holdings in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its holdings in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after acquiring an additional 374,952 shares during the last quarter. Arvest Bank Trust Division bought a new stake in Omnicom Group in the 3rd quarter valued at about $21,191,000. Finally, Bank of New York Mellon Corp lifted its holdings in Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $80.24 on Friday. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a fifty day moving average of $83.24 and a 200 day moving average of $92.47. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $2.20 earnings per share. On average, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $104.43.

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.