Omnicom Group Inc. (NYSE:OMC) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,345 shares of the business services provider’s stock after acquiring an additional 843 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Omnicom Group were worth $976,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Omnicom Group by 4,413.3% in the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after buying an additional 374,952 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after acquiring an additional 213,962 shares in the last quarter. Arvest Bank Trust Division bought a new position in Omnicom Group during the 3rd quarter valued at $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Omnicom Group by 46.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after acquiring an additional 156,173 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Down 1.3 %

NYSE OMC opened at $87.18 on Wednesday. The company’s 50 day simple moving average is $91.45 and its 200 day simple moving average is $96.42. The company has a market capitalization of $17.01 billion, a P/E ratio of 11.91, a PEG ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is 38.25%.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.