Omnicom Group Inc. (NYSE:OMC) Holdings Boosted by DnB Asset Management AS

DnB Asset Management AS grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Omnicom Group in the third quarter worth $258,000. CreativeOne Wealth LLC bought a new position in shares of Omnicom Group during the third quarter worth about $363,000. Public Sector Pension Investment Board increased its holdings in shares of Omnicom Group by 11.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,522 shares of the business services provider’s stock worth $881,000 after acquiring an additional 900 shares during the period. Edgestream Partners L.P. acquired a new position in Omnicom Group during the 3rd quarter valued at about $3,218,000. Finally, Kestra Investment Management LLC bought a new position in Omnicom Group in the 3rd quarter worth about $262,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

NYSE:OMC opened at $82.72 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average of $83.18 and a 200-day moving average of $92.31. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 period last year, the business earned $2.20 EPS. Analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced 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. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is 37.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Barclays decreased their price target on 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. decreased 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, Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $104.43.

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.