Sumitomo Mitsui Trust Group Inc. Purchases 14,990 Shares of Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui Trust Group Inc. grew its position in Omnicom Group Inc. (NYSE:OMC) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 505,094 shares of the business services provider’s stock after buying an additional 14,990 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Omnicom Group were worth $43,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Resonant Capital Advisors LLC raised its holdings in shares of Omnicom Group by 1.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after purchasing an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after buying an additional 97 shares during the period. Integrated Advisors Network LLC lifted its position in shares of Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after acquiring an additional 102 shares during the period. Finally, Summit Trail Advisors LLC increased its holdings in shares of Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock worth $683,000 after acquiring an additional 113 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective 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. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, UBS Group increased their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock opened at $82.54 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.22 billion, a PE ratio of 11.08, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The business’s 50-day moving average price is $88.46 and its two-hundred day moving average price is $96.02.

Omnicom Group (NYSE:OMC) last announced its quarterly 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 firm posted $2.20 EPS. As a group, analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, December 20th. 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.