Daiwa Securities Group Inc. Has $2.48 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Daiwa Securities Group Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 11.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,861 shares of the business services provider’s stock after buying an additional 3,036 shares during the period. Daiwa Securities Group Inc.’s holdings in Omnicom Group were worth $2,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OMC. Summit Trail Advisors LLC raised its position in shares of Omnicom Group by 1.8% during the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after buying an additional 113 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Omnicom Group by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 120 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its holdings in Omnicom Group by 3.5% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock worth $400,000 after acquiring an additional 130 shares during the period. Center For Asset Management LLC grew its stake in shares of Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after purchasing an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 147 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OMC. Barclays dropped their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Trading Down 0.8 %

Shares of Omnicom Group stock opened at $79.40 on Friday. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98. The business has a fifty day simple moving average of $84.08 and a two-hundred day simple moving average of $93.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the firm posted $2.20 earnings per share. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

About Omnicom Group

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.