Omnicom Group Inc. $OMC Position Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 64.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,369 shares of the business services provider’s stock after purchasing an additional 21,265 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Omnicom Group were worth $4,433,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MBM Wealth Consultants LLC boosted its stake in shares of Omnicom Group by 7.9% during the 3rd quarter. MBM Wealth Consultants LLC now owns 4,656 shares of the business services provider’s stock worth $380,000 after acquiring an additional 340 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its holdings in shares of Omnicom Group by 58.5% during the third quarter. FSB Premier Wealth Management Inc. now owns 14,515 shares of the business services provider’s stock valued at $1,183,000 after purchasing an additional 5,358 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Omnicom Group by 156.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,680 shares of the business services provider’s stock valued at $2,257,000 after purchasing an additional 16,866 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Omnicom Group by 7.9% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after purchasing an additional 149 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Omnicom Group by 35.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 330,065 shares of the business services provider’s stock worth $26,910,000 after buying an additional 86,357 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Omnicom Group Trading Up 0.7%

Omnicom Group stock opened at $79.81 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. 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. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.35. The company’s fifty day moving average price is $77.26 and its two-hundred day moving average price is $76.42.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is presently 47.27%.

Omnicom Group Company 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.