Livforsakringsbolaget Skandia Omsesidigt Purchases 16,000 Shares of Omnicom Group Inc. (NYSE:OMC)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 80,718 shares of the business services provider’s stock after purchasing an additional 16,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Omnicom Group were worth $6,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its stake in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group in the 3rd quarter valued at $33,000. HM Payson & Co. boosted its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after acquiring an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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. Wells Fargo & Company lowered their price objective 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. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. 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. Finally, UBS Group lifted their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE OMC opened at $84.08 on Friday. The business has a 50 day simple moving average of $89.28 and a two-hundred day simple moving average of $96.09. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The stock has a market capitalization of $16.52 billion, a PE ratio of 11.49, a P/E/G ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the prior year, the firm earned $2.20 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.99 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.33%. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.