State of Alaska Department of Revenue Has $3.59 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

State of Alaska Department of Revenue grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 65.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,749 shares of the business services provider's stock after purchasing an additional 16,515 shares during the period. State of Alaska Department of Revenue's holdings in Omnicom Group were worth $3,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock worth $613,000 after purchasing an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock worth $66,000 after purchasing an additional 97 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after buying an additional 100 shares during the last quarter. Iowa State Bank raised its stake in shares of Omnicom Group by 0.4% during the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider's stock worth $2,528,000 after buying an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock worth $514,000 after buying an additional 102 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on OMC shares. Macquarie reaffirmed an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Trading Down 1.4 %

Shares of NYSE:OMC traded down $1.16 during trading on Wednesday, reaching $81.25. 2,826,898 shares of the stock were exchanged, compared to its average volume of 2,461,800. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The firm's 50-day moving average price is $87.58 and its 200 day moving average price is $95.85.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 previous year, the company posted $2.20 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group's dividend payout ratio 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.