AEGON ASSET MANAGEMENT UK Plc Has $29.25 Million Stock Position in Omnicom Group Inc. $OMC

AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 25.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,713 shares of the business services provider’s stock after acquiring an additional 72,227 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.19% of Omnicom Group worth $29,249,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after acquiring an additional 272 shares during the period. Capital A Wealth Management LLC boosted its holdings in shares of Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 318 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Omnicom Group during the 2nd quarter worth $29,000. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group during the 2nd quarter worth $34,000. Finally, Quent Capital LLC acquired a new stake in Omnicom Group in the third quarter valued at about $39,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $79.81 on Monday. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.33 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $89.35. The stock has a fifty day simple moving average of $77.26 and a 200 day simple moving average of $76.45.

Omnicom Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were issued a $0.80 dividend. The ex-dividend date was Friday, December 19th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is currently 47.27%.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. UBS Group increased their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Bank of America reissued an “underperform” rating and issued a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday. Finally, Morgan Stanley started coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.