Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Omnicom Group Inc. (NYSE:OMC) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,278 shares of the business services provider’s stock after acquiring an additional 232 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Omnicom Group were worth $2,605,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter valued at about $294,000. Valeo Financial Advisors LLC bought a new position in Omnicom Group during the third quarter valued at approximately $215,000. Ritholtz Wealth Management raised its stake in shares of Omnicom Group by 1.9% during the third quarter. Ritholtz Wealth Management now owns 18,644 shares of the business services provider’s stock worth $1,928,000 after acquiring an additional 340 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Omnicom Group by 62.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,735 shares of the business services provider’s stock valued at $1,007,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Omnicom Group by 101.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 749 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 377 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC opened at $82.54 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The stock has a market capitalization of $16.22 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The stock’s 50 day moving average price is $88.46 and its 200-day moving average price is $96.02. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the company posted $2.20 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is currently 37.58%.

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average 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.