Handelsbanken Fonder AB Has $8.26 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Handelsbanken Fonder AB raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 119.6% in the fourth quarter, Holdings Channel reports. The fund owned 96,051 shares of the business services provider’s stock after acquiring an additional 52,320 shares during the period. Handelsbanken Fonder AB’s holdings in Omnicom Group were worth $8,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Integrated Advisors Network LLC lifted its holdings in shares of Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 102 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Omnicom Group by 1.8% in the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Omnicom Group by 1.9% in the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 120 shares in the last quarter. Finally, Gold Investment Management Ltd. lifted its holdings in shares of Omnicom Group by 1.1% in the third quarter. Gold Investment Management Ltd. now owns 11,223 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 127 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

NYSE:OMC opened at $82.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $85.44 and its two-hundred day moving average price is $95.16. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OMC. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their target price on 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, Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Company 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.