Sumitomo Mitsui Financial Group Inc. Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui Financial Group Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 9.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,229 shares of the business services provider’s stock after acquiring an additional 708 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Omnicom Group were worth $708,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OMC. World Investment Advisors LLC increased its stake in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Omnicom Group during the 3rd quarter valued at about $713,000. Franklin Resources Inc. boosted its position in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after acquiring an additional 38,022 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after purchasing an additional 50,153 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in Omnicom Group during the third quarter worth approximately $21,191,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OMC. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. lowered their price target on 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 issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and an average target price of $104.43.

Omnicom Group Stock Down 3.6 %

NYSE OMC opened at $72.65 on Monday. The stock has a market cap of $14.28 billion, a PE ratio of 9.75, a P/E/G ratio of 1.94 and a beta of 0.87. The business has a 50 day moving average price of $82.42 and a two-hundred day moving average price of $91.62. Omnicom Group Inc. has a fifty-two week low of $71.24 and a fifty-two week 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 released its quarterly 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 quarter last year, the business posted $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS 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. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

About Omnicom Group

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.