Sumitomo Mitsui Trust Holdings Inc. Has $45.62 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 527,373 shares of the business services provider’s stock after selling 11,977 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Omnicom Group were worth $45,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Omnicom Group in the third quarter valued at $25,000. Pinnacle Bancorp Inc. increased its holdings in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. KB Financial Partners LLC increased its holdings in Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 305 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Omnicom Group by 1,805.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its position in Omnicom Group by 64.4% during the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.2 %

OMC opened at $92.62 on Friday. 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 market capitalization of $18.26 billion, a PE ratio of 12.52, a P/E/G ratio of 2.21 and a beta of 0.97. The company’s 50-day moving average is $91.51 and its 200 day moving average is $85.32.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $91.00 to $106.00 in a research report on Wednesday. Barclays upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Finally, Moffett Nathanson upped their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.40.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Omnicom Group 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.