Omnicom Group Inc. (OMC) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,564 shares of the business services provider’s stock after buying an additional 2,419 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $2,377,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Segall Bryant & Hamill LLC boosted its holdings in shares of Omnicom Group by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 40,068 shares of the business services provider’s stock worth $2,935,000 after buying an additional 141 shares during the period. JOYN Advisors Inc. boosted its holdings in shares of Omnicom Group by 47.2% during the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares during the period. Securian Asset Management Inc boosted its holdings in shares of Omnicom Group by 0.6% during the 1st quarter. Securian Asset Management Inc now owns 22,741 shares of the business services provider’s stock worth $1,660,000 after buying an additional 145 shares during the period. Archford Capital Strategies LLC boosted its holdings in shares of Omnicom Group by 16.4% during the 4th quarter. Archford Capital Strategies LLC now owns 1,202 shares of the business services provider’s stock worth $88,000 after buying an additional 169 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of Omnicom Group by 2.2% during the 4th quarter. Wetherby Asset Management Inc. now owns 7,977 shares of the business services provider’s stock worth $584,000 after buying an additional 173 shares during the period.

Several brokerages recently commented on OMC. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, January 25th. Barclays upgraded shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $76.00 to $84.00 in a research note on Wednesday, April 17th. BMO Capital Markets lifted their price objective on shares of Omnicom Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Citigroup lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the stock a “hold” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Omnicom Group has an average rating of “Hold” and a consensus target price of $76.90.

Shares of Omnicom Group stock opened at $80.04 on Friday. Omnicom Group Inc. has a twelve month low of $65.85 and a twelve month high of $84.35. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.09. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 5.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 11th were paid a $0.65 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 8th. This represents a $2.60 annualized dividend and a yield of 3.25%. Omnicom Group’s payout ratio is 45.22%.

In other news, Director Linda Johnson Rice sold 495 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $74.79, for a total value of $37,021.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jonathan B. Nelson sold 4,916 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $84.22, for a total transaction of $414,025.52. Following the completion of the transaction, the chief executive officer now owns 83,858 shares of the company’s stock, valued at $7,062,520.76. The disclosure for this sale can be found here. Insiders sold a total of 12,864 shares of company stock valued at $1,037,986 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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