Mutual Advisors LLC Grows Stock Position in Omnicom Group Inc. (NYSE:OMC)

Mutual Advisors LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,976 shares of the business services provider’s stock after purchasing an additional 407 shares during the quarter. Mutual Advisors LLC’s holdings in Omnicom Group were worth $685,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OMC. Renaissance Technologies LLC purchased a new position in Omnicom Group in the second quarter worth $1,606,000. Public Sector Pension Investment Board grew its holdings in Omnicom Group by 70.8% in the second quarter. Public Sector Pension Investment Board now owns 7,622 shares of the business services provider’s stock valued at $684,000 after purchasing an additional 3,159 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Omnicom Group by 652.8% in the second quarter. Squarepoint Ops LLC now owns 40,420 shares of the business services provider’s stock valued at $3,626,000 after purchasing an additional 35,051 shares during the last quarter. APG Asset Management N.V. grew its holdings in Omnicom Group by 207.3% in the second quarter. APG Asset Management N.V. now owns 21,643 shares of the business services provider’s stock valued at $1,811,000 after purchasing an additional 14,600 shares during the last quarter. Finally, MBB Public Markets I LLC grew its holdings in Omnicom Group by 540.2% in the second quarter. MBB Public Markets I LLC now owns 15,671 shares of the business services provider’s stock valued at $1,406,000 after purchasing an additional 13,223 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. Barclays lowered 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. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Stock Up 0.5 %

Shares of NYSE:OMC opened at $86.60 on Monday. The stock’s 50-day moving average price is $91.65 and its two-hundred day moving average price is $96.41. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.