Omnicom Group Inc. $OMC Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Omnicom Group Inc. (NYSE:OMC) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 396,400 shares of the business services provider’s stock after acquiring an additional 14,155 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Omnicom Group worth $32,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Omnicom Group by 1.0% during the third quarter. US Bancorp DE now owns 80,997 shares of the business services provider’s stock valued at $6,604,000 after purchasing an additional 824 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Omnicom Group by 626.1% in the 3rd quarter. MAI Capital Management now owns 11,059 shares of the business services provider’s stock valued at $902,000 after buying an additional 9,536 shares during the period. TD Asset Management Inc grew its position in shares of Omnicom Group by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 279,779 shares of the business services provider’s stock valued at $22,810,000 after buying an additional 937 shares during the last quarter. Mufg Securities Americas Inc. grew its position in shares of Omnicom Group by 20.8% during the 3rd quarter. Mufg Securities Americas Inc. now owns 5,224 shares of the business services provider’s stock valued at $426,000 after buying an additional 900 shares during the last quarter. Finally, Compound Planning Inc. acquired a new stake in Omnicom Group during the third quarter worth about $210,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $85.19 on Monday. The stock has a market cap of $26.44 billion, a P/E ratio of 173.85, a P/E/G ratio of 1.27 and a beta of 0.71. The firm’s 50-day simple moving average is $77.29 and its 200 day simple moving average is $76.75. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $89.27. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.35). The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 EPS. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.8%. Omnicom Group’s payout ratio is presently 653.06%.

Omnicom Group announced that its board has approved a share buyback program on Wednesday, February 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays lifted their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Citigroup boosted their price objective on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Morgan Stanley started coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price on the stock. UBS Group raised their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Bank of America restated an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $95.00.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.