Norinchukin Bank The grew its stake in Omnicom Group Inc. (NYSE:OMC) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,680 shares of the business services provider’s stock after acquiring an additional 1,421 shares during the period. Norinchukin Bank The’s holdings in Omnicom Group were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc raised its stake in shares of Omnicom Group by 24.9% in the third quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock worth $1,443,122,000 after acquiring an additional 4,228,195 shares during the last quarter. BlackRock Inc. raised its stake in shares of Omnicom Group by 2.6% in the first quarter. BlackRock Inc. now owns 16,305,379 shares of the business services provider’s stock worth $1,190,131,000 after acquiring an additional 420,390 shares during the last quarter. American International Group Inc. raised its stake in shares of Omnicom Group by 1,169.5% in the fourth quarter. American International Group Inc. now owns 5,683,553 shares of the business services provider’s stock worth $416,263,000 after acquiring an additional 5,235,862 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Omnicom Group by 13.5% in the first quarter. Janus Henderson Group PLC now owns 4,158,808 shares of the business services provider’s stock worth $303,552,000 after acquiring an additional 494,508 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Omnicom Group by 6,842.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,974,955 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,917,700 shares during the last quarter.

OMC has been the subject of a number of research analyst reports. Macquarie set a $76.00 target price on shares of Omnicom Group and gave the stock a “hold” rating in a research note on Thursday, February 14th. BMO Capital Markets boosted their target price on shares of Omnicom Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Citigroup boosted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Barclays raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $76.00 to $84.00 in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $77.33.

OMC opened at $77.36 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The company has a market cap of $17.03 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. Omnicom Group Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $84.35.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.09. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.51 billion. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. Omnicom Group’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities research analysts anticipate that Omnicom Group Inc. will post 5.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 14th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, June 13th. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

In related news, Chairman John Wren sold 60,541 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $79.84, for a total transaction of $4,833,593.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Johnson Rice sold 497 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $83.59, for a total transaction of $41,544.23. Following the transaction, the director now owns 8,161 shares of the company’s stock, valued at approximately $682,177.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,354 shares of company stock valued at $5,642,219. 1.10% of the stock is currently owned by insiders.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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