BI Asset Management Fondsmaeglerselskab A S Takes $523,000 Position in Omnicom Group Inc. (NYSE:OMC)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,083 shares of the business services provider's stock, valued at approximately $523,000.

Several other institutional investors have also recently modified their holdings of OMC. Barclays PLC raised its position in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider's stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. Virtu Financial LLC bought a new stake in shares of Omnicom Group in the 3rd quarter valued at about $498,000. World Investment Advisors LLC boosted its holdings in Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after acquiring an additional 17,815 shares during the period. Arvest Bank Trust Division bought a new position in Omnicom Group during the 3rd quarter worth approximately $21,191,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Omnicom Group in the 3rd quarter worth approximately $740,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.9 %

Shares of NYSE OMC traded up $0.65 during mid-day trading on Tuesday, hitting $76.10. 1,345,503 shares of the stock traded hands, compared to its average volume of 3,394,647. The stock has a fifty day moving average price of $78.59 and a 200-day moving average price of $88.15. 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 has a market cap of $14.85 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.68%. Omnicom Group's payout ratio is 38.30%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OMC. Barclays cut their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and an average target price of $101.29.

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.