Omnicom Group Inc. $OMC Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,310 shares of the business services provider’s stock after buying an additional 14,368 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of Omnicom Group worth $8,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Asset Management One Co. Ltd. boosted its position in shares of Omnicom Group by 3.5% in the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after buying an additional 2,855 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Omnicom Group by 18.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock valued at $153,068,000 after buying an additional 295,379 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Omnicom Group during the 3rd quarter worth approximately $870,000. National Pension Service boosted its holdings in Omnicom Group by 35.3% in the 3rd quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after acquiring an additional 29,014 shares during the period. Finally, Defender Capital LLC. acquired a new stake in Omnicom Group in the second quarter valued at approximately $360,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Morgan Stanley began coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Barclays boosted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Finally, UBS Group lifted their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research 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 given a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Trading Up 1.4%

NYSE:OMC opened at $70.82 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The company has a market cap of $13.67 billion, a PE ratio of 10.46, a P/E/G ratio of 1.13 and a beta of 0.74. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $89.27. The business’s 50 day moving average is $77.50 and its two-hundred day moving average is $76.48.

Omnicom Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a $0.80 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. Omnicom Group’s dividend payout ratio (DPR) 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.