American Century Companies Inc. Has $87.65 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

American Century Companies Inc. grew its position in Omnicom Group Inc. (NYSE:OMC) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,018,687 shares of the business services provider’s stock after buying an additional 150,105 shares during the period. American Century Companies Inc. owned approximately 0.52% of Omnicom Group worth $87,648,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after purchasing an additional 156,438 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Cooke & Bieler LP grew its position in shares of Omnicom Group by 3.9% in the 4th quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider’s stock valued at $210,863,000 after purchasing an additional 92,685 shares during the period. Finally, Amundi increased its stake in Omnicom Group by 4.5% during the 4th quarter. Amundi now owns 1,693,256 shares of the business services provider’s stock worth $144,603,000 after purchasing an additional 72,924 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OMC. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Trading Down 2.1 %

Omnicom Group stock opened at $79.45 on Tuesday. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98. The firm has a 50-day moving average of $83.62 and a 200-day moving average of $92.94. 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 one year low of $78.69 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 earned $2.20 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 3.52%. 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.