Sumitomo Mitsui Trust Group Inc. Grows Position in Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui Trust Group Inc. boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 505,094 shares of the business services provider's stock after acquiring an additional 14,990 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Omnicom Group worth $43,458,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc increased its stake in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the 3rd quarter valued at about $33,000. HM Payson & Co. increased its stake in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

NYSE OMC traded up $0.34 during trading hours on Friday, hitting $82.28. 3,063,842 shares of the company's stock traded hands, compared to its average volume of 2,511,745. The business's fifty day moving average price is $86.71 and its two-hundred day moving average price is $95.65. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $16.17 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $2.20 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.40%. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

Analysts Set New Price Targets

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

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.