Omnicom Group Inc. (NYSE:OMC) Stock Position Raised by DnB Asset Management AS

DnB Asset Management AS raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,316 shares of the business services provider’s stock after purchasing an additional 331 shares during the quarter. DnB Asset Management AS’s holdings in Omnicom Group were worth $3,125,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Center For Asset Management LLC raised its position in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after buying an additional 146 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after purchasing an additional 147 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after purchasing an additional 161 shares during the period. Convergence Financial LLC grew its position in Omnicom Group by 6.5% during the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 165 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in Omnicom Group by 2.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock valued at $559,000 after buying an additional 182 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. reduced 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 note on Monday, January 27th. UBS Group dropped their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Omnicom Group has an average rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Up 3.1 %

Omnicom Group stock opened at $82.72 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The firm has a fifty day moving average price of $83.18 and a two-hundred day moving average price of $92.31. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 firm posted $2.20 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. Omnicom Group’s payout ratio is 37.58%.

About Omnicom Group

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.