Rockefeller Capital Management L.P. Acquires Shares of 11,504 Omnicom Group Inc. (NYSE:OMC)

Rockefeller Capital Management L.P. acquired 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,504 shares of the business services provider's stock, valued at approximately $991,000.

Several other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. FMR LLC boosted its position in shares of Omnicom Group by 250.1% during the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after buying an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after buying an additional 1,027,567 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Omnicom Group in the 4th quarter valued at $79,321,000. Finally, Norges Bank bought a new position in Omnicom Group during the 4th quarter valued at $23,163,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OMC shares. Barclays lowered their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Price Performance

NYSE:OMC traded down $1.47 during midday trading on Friday, hitting $74.90. The company had a trading volume of 1,780,204 shares, compared to its average volume of 2,192,822. The company has a market capitalization of $14.61 billion, a PE ratio of 10.05, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.00 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 stock's fifty day moving average price is $78.92 and its 200-day moving average price is $88.71.

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

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given 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 yield of 3.74%. Omnicom Group's payout ratio is 38.30%.

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.