Jones Financial Companies Lllp Grows Stock Holdings in Omnicom Group Inc. $OMC

Jones Financial Companies Lllp lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,792 shares of the business services provider’s stock after acquiring an additional 8,495 shares during the quarter. Jones Financial Companies Lllp’s holdings in Omnicom Group were worth $6,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Mirae Asset Global Investments Co. Ltd. raised its position in Omnicom Group by 9.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,661 shares of the business services provider’s stock valued at $1,846,000 after purchasing an additional 2,202 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group in the second quarter valued at about $34,000. Tectonic Advisors LLC lifted its stake in Omnicom Group by 14.4% in the second quarter. Tectonic Advisors LLC now owns 6,245 shares of the business services provider’s stock worth $449,000 after acquiring an additional 784 shares during the period. Leo Wealth LLC purchased a new position in Omnicom Group during the 2nd quarter valued at about $265,000. Finally, Blair William & Co. IL raised its holdings in shares of Omnicom Group by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 117,373 shares of the business services provider’s stock valued at $8,444,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on OMC. UBS Group lifted their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Morgan Stanley began coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Barclays upped their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Bank of America reiterated an “underperform” rating and issued a $77.00 target price (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Stock Down 0.0%

Shares of OMC stock opened at $69.13 on Friday. The stock’s fifty day moving average price is $77.56 and its 200 day moving average price is $76.53. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $89.27. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.12 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is 47.27%.

About Omnicom Group

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.