Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.92 Million Stock Position in Omnicom Group Inc. $OMC

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 27.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,851 shares of the business services provider’s stock after selling 13,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Omnicom Group were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Omnicom Group by 117.9% during the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after buying an additional 3,362,411 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Omnicom Group by 38.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after acquiring an additional 1,255,197 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Omnicom Group during the 2nd quarter worth $67,048,000. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 9.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after acquiring an additional 691,560 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Omnicom Group by 2,524.0% in the 2nd quarter. Jump Financial LLC now owns 504,195 shares of the business services provider’s stock valued at $36,272,000 after purchasing an additional 484,980 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on OMC shares. Barclays lifted their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Morgan Stanley began coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. UBS Group upped their price target on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Finally, Bank of America restated an “underperform” rating and set a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Trading Down 1.3%

NYSE:OMC opened at $79.81 on Monday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $15.40 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74. The business’s 50-day simple moving average is $76.67 and its 200-day simple moving average is $76.27.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the business earned $2.03 EPS. Omnicom Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 annualized dividend and a yield of 4.0%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is presently 47.27%.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.