Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 29.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,381 shares of the business services provider’s stock after purchasing an additional 1,437 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC purchased a new position in Omnicom Group during the 4th quarter valued at about $219,000. BTC Capital Management Inc. boosted its holdings in Omnicom Group by 4.7% during the 4th quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider’s stock valued at $4,651,000 after acquiring an additional 2,424 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Omnicom Group by 13.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider’s stock valued at $3,587,000 after acquiring an additional 4,920 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Omnicom Group by 8.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 11,345 shares of the business services provider’s stock valued at $976,000 after acquiring an additional 843 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in Omnicom Group during the 4th quarter valued at about $365,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMC. Wells Fargo & Company decreased their price objective on 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 decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Trading Down 0.8 %

OMC opened at $87.07 on Wednesday. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The business’s 50 day moving average is $90.02 and its two-hundred day moving average is $96.20. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter last year, the business earned $2.20 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.99 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.