APG Asset Management N.V. Takes Position in Omnicom Group Inc. (NYSE:OMC)

APG Asset Management N.V. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 107,400 shares of the business services provider's stock, valued at approximately $8,924,000. APG Asset Management N.V. owned about 0.05% of Omnicom Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. World Investment Advisors LLC increased its position in shares of Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after acquiring an additional 17,815 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 valued at $23,860,000 after purchasing an additional 38,022 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock worth $32,411,000 after buying an additional 50,153 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in Omnicom Group in the 3rd quarter valued at approximately $21,191,000. Finally, Avanza Fonder AB acquired a new position in Omnicom Group during the 4th quarter worth approximately $1,544,000. 91.97% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have commented on OMC shares. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup restated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday. Barclays lowered their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Omnicom Group has an average rating of "Moderate Buy" and a consensus target price of $104.25.

Omnicom Group Price Performance

Shares of OMC stock traded up $0.33 on Tuesday, hitting $76.87. 2,304,708 shares of the company's stock were exchanged, compared to its average volume of 2,154,522. The company has a 50 day moving average of $80.34 and a 200 day moving average of $90.11. The stock has a market cap of $15.11 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS 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 period in the previous year, the company earned $2.20 earnings per share. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) 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.