Omnicom Group Inc. (NYSE:OMC) Stock Position Raised by Bank of Nova Scotia

Bank of Nova Scotia boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,750 shares of the business services provider’s stock after buying an additional 1,260 shares during the period. Bank of Nova Scotia’s holdings in Omnicom Group were worth $2,474,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Shelton Capital Management grew its position in Omnicom Group by 11.6% during the 4th quarter. Shelton Capital Management now owns 118,871 shares of the business services provider’s stock worth $10,228,000 after purchasing an additional 12,400 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of Omnicom Group by 9.4% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 8,229 shares of the business services provider’s stock valued at $708,000 after buying an additional 708 shares in the last quarter. Cerity Partners LLC raised its position in Omnicom Group by 8.0% during the fourth quarter. Cerity Partners LLC now owns 52,463 shares of the business services provider’s stock valued at $4,705,000 after buying an additional 3,865 shares during the period. Sierra Summit Advisors LLC lifted its stake in Omnicom Group by 37.4% in the 4th quarter. Sierra Summit Advisors LLC now owns 11,668 shares of the business services provider’s stock worth $1,004,000 after acquiring an additional 3,174 shares in the last quarter. Finally, FMR LLC boosted its position in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after acquiring an additional 1,436,231 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 2.1 %

Shares of OMC stock opened at $75.56 on Friday. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The company has a market cap of $14.85 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. 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 business’s 50 day moving average is $80.50 and its two-hundred day moving average is $90.38.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 quarter last year, the business posted $2.20 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. Omnicom Group’s dividend payout ratio is 37.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OMC shares. JPMorgan Chase & Co. lowered their price target on shares of 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 research report on Friday, January 24th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. 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. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $104.43.

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.