Handelsbanken Fonder AB Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Handelsbanken Fonder AB lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,013 shares of the business services provider’s stock after acquiring an additional 1,360 shares during the period. Handelsbanken Fonder AB’s holdings in Omnicom Group were worth $2,683,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Omnicom Group in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. grew its position in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Omnicom Group during the 3rd quarter worth approximately $38,000. Massmutual Trust Co. FSB ADV lifted its position in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 323 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Omnicom Group by 49.2% during the fourth quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 250 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Down 0.8 %

NYSE:OMC opened at $95.89 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The company’s fifty day moving average price is $92.40 and its 200-day moving average price is $86.07. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The firm has a market capitalization of $18.78 billion, a P/E ratio of 12.96, a PEG ratio of 2.25 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is presently 37.84%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Moffett Nathanson lifted their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. UBS Group assumed coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. Barclays boosted their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Macquarie increased their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.40.

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.