Mirae Asset Global Investments Co. Ltd. Has $3.45 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 45.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,887 shares of the business services provider’s stock after selling 32,801 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Omnicom Group were worth $3,451,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Stratos Wealth Advisors LLC increased its stake in shares of Omnicom Group by 7.5% during the 4th quarter. Stratos Wealth Advisors LLC now owns 3,030 shares of the business services provider’s stock worth $262,000 after purchasing an additional 211 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Omnicom Group in the 4th quarter valued at $321,000. Allworth Financial LP grew its stake in Omnicom Group by 16.7% in the 4th quarter. Allworth Financial LP now owns 1,313 shares of the business services provider’s stock valued at $114,000 after buying an additional 188 shares during the last quarter. International Assets Investment Management LLC grew its stake in Omnicom Group by 8,551.1% in the 4th quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock valued at $689,000 after buying an additional 7,867 shares during the last quarter. Finally, Arvest Investments Inc. acquired a new position in Omnicom Group in the 4th quarter valued at $1,969,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group assumed coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Finally, BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $90.93 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The firm has a fifty day moving average price of $91.13 and a two-hundred day moving average price of $85.09. The company has a market cap of $17.93 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. Analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 40.46%.

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.