Norinchukin Bank The Increases Position in Omnicom Group Inc. (NYSE:OMC)

Norinchukin Bank The increased its position in Omnicom Group Inc. (NYSE:OMC) by 32.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,534 shares of the business services provider’s stock after buying an additional 3,531 shares during the period. Norinchukin Bank The’s holdings in Omnicom Group were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Franklin Resources Inc. lifted its stake in Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after acquiring an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after purchasing an additional 50,153 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in Omnicom Group in the third quarter valued at $21,191,000. Finally, Avanza Fonder AB acquired a new stake in Omnicom Group during the 4th quarter worth about $1,544,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OMC shares. Citigroup reaffirmed a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group cut their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays dropped their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Stock Performance

OMC opened at $72.14 on Tuesday. The firm has a market capitalization of $14.18 billion, a PE ratio of 9.68, a PEG ratio of 1.94 and a beta of 0.87. 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 twelve month low of $69.13 and a twelve month high of $107.00. The firm’s 50-day moving average price is $79.39 and its 200 day moving average price is $89.10.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.30%.

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.