Asahi Life Asset Management CO. LTD. Invests $299,000 in Omnicom Group Inc. (NYSE:OMC)

Asahi Life Asset Management CO. LTD. acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,480 shares of the business services provider's stock, valued at approximately $299,000.

Several other institutional investors have also recently made changes to their positions in OMC. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the last quarter. HM Payson & Co. grew its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Omnicom Group during the 3rd quarter worth $55,000. Institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Macquarie reissued an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $108.25.

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Omnicom Group Trading Down 0.3 %

Shares of NYSE OMC traded down $0.22 during midday trading on Thursday, reaching $81.99. The stock had a trading volume of 2,376,728 shares, compared to its average volume of 1,770,320. Omnicom Group Inc. has a twelve month low of $79.41 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company's 50 day moving average price is $84.55 and its 200 day moving average price is $94.53. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.42%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.