Skandinaviska Enskilda Banken AB publ Has $8.43 Million Position in Omnicom Group Inc. (NYSE:OMC)

Skandinaviska Enskilda Banken AB publ raised its position in Omnicom Group Inc. (NYSE:OMC) by 132.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 98,188 shares of the business services provider’s stock after purchasing an additional 56,007 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Omnicom Group were worth $8,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Omnicom Group during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

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

Omnicom Group Price Performance

OMC stock opened at $80.92 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $78.69 and a 12 month high of $107.00. The firm has a market cap of $15.90 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.94 and a beta of 0.98. The company’s 50-day moving average price is $83.98 and its two-hundred day moving average price is $93.77.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 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.