Norinchukin Bank The Grows Stock Position in Omnicom Group Inc. (NYSE:OMC)

Norinchukin Bank The increased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,534 shares of the business services provider's stock after acquiring an additional 3,531 shares during the period. Norinchukin Bank The's holdings in Omnicom Group were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in OMC. World Investment Advisors LLC boosted its holdings in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after buying an additional 17,815 shares during the last quarter. Franklin Resources Inc. raised its holdings in Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock worth $23,860,000 after purchasing an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in 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 valued at $32,411,000 after purchasing an additional 50,153 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Omnicom Group in the third quarter worth about $21,191,000. Finally, Avanza Fonder AB bought a new position in shares of Omnicom Group during the 4th quarter valued at approximately $1,544,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 2.0 %

Shares of NYSE:OMC traded down $1.50 on Friday, reaching $74.87. The company had a trading volume of 2,748,397 shares, compared to its average volume of 2,195,165. The firm has a market capitalization of $14.61 billion, a PE ratio of 10.05, a PEG ratio of 1.94 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The firm's 50 day simple moving average is $78.92 and its 200-day simple moving average is $88.71.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OMC shares. UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays lowered their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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. Finally, Wells Fargo & Company cut their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group 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.