Assetmark Inc. Increases Stock Holdings in Omnicom Group Inc. $OMC

Assetmark Inc. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 18.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 787,830 shares of the business services provider’s stock after buying an additional 122,660 shares during the period. Assetmark Inc. owned 0.41% of Omnicom Group worth $64,232,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OMC. Capital A Wealth Management LLC increased 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. Cornerstone Planning Group LLC increased its stake in Omnicom Group by 2,126.7% in the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 319 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in Omnicom Group in the second quarter valued at $29,000. Meeder Asset Management Inc. raised its stake in shares of Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Finally, Westside Investment Management Inc. grew its position in Omnicom Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 2.7%

Omnicom Group stock opened at $69.07 on Friday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 10.20, a PEG ratio of 1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $89.27. The stock has a 50-day simple moving average of $77.34 and a 200 day simple moving average of $76.31.

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 dividend of $0.80 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 4.6%. Omnicom Group’s payout ratio is presently 47.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OMC shares. Barclays increased their target price on 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 reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. UBS Group boosted their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. 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 price target for the company. Finally, Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.14.

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.