US Bancorp DE Has $10.78 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

US Bancorp DE trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,276 shares of the business services provider’s stock after selling 626 shares during the period. US Bancorp DE’s holdings in Omnicom Group were worth $10,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. State Street Corp grew its holdings in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares in the last quarter. World Investment Advisors LLC grew its holdings in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after buying an additional 374,952 shares in the last quarter. Arvest Bank Trust Division acquired a new position in Omnicom Group in the 3rd quarter valued at $21,191,000. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after buying an additional 156,438 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after buying an additional 156,173 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of OMC stock opened at $80.73 on Tuesday. 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 twelve month low of $80.08 and a twelve month high of $107.00. The company has a market cap of $15.86 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.97. The business has a fifty day simple moving average of $84.74 and a 200 day simple moving average of $94.73.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the company posted $2.20 earnings per share. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.47%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Wall Street Analysts Forecast Growth

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

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.