Skandinaviska Enskilda Banken AB publ Has $8.43 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Skandinaviska Enskilda Banken AB publ raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 132.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,188 shares of the business services provider's stock after purchasing an additional 56,007 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Omnicom Group were worth $8,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Summit Trail Advisors LLC increased its stake in Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock valued at $683,000 after buying an additional 113 shares during the period. Metis Global Partners LLC increased its stake in shares of Omnicom Group by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider's stock valued at $652,000 after acquiring an additional 120 shares during the period. Sompo Asset Management Co. Ltd. raised its holdings in Omnicom Group by 3.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider's stock worth $400,000 after purchasing an additional 130 shares in the last quarter. Center For Asset Management LLC lifted its position in Omnicom Group by 3.3% in the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after purchasing an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after buying an additional 147 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OMC shares. Wells Fargo & Company decreased their target price 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. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Macquarie reissued an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock traded up $0.01 during trading hours on Wednesday, reaching $81.46. 2,731,330 shares of the company were exchanged, compared to its average volume of 1,862,921. The stock has a 50-day moving average of $83.83 and a 200 day moving average of $93.47. 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 12 month low of $78.69 and a 12 month high of $107.00. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 10.93, a PEG 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 net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. 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.