Nisa Investment Advisors LLC Purchases 18,360 Shares of Omnicom Group Inc. $OMC

Nisa Investment Advisors LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,374 shares of the business services provider’s stock after buying an additional 18,360 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Omnicom Group were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in OMC. Capital A Wealth Management LLC grew its holdings in Omnicom Group by 548.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Omnicom Group during the second quarter worth $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Omnicom Group during the second quarter worth $34,000. City Holding Co. grew its stake in shares of Omnicom Group by 1,373.5% in the third quarter. City Holding Co. now owns 501 shares of the business services provider’s stock worth $41,000 after purchasing an additional 467 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Omnicom Group in the second quarter valued at $37,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent research reports. Morgan Stanley assumed coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Bank of America reissued an “underperform” rating and issued a $77.00 price target (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. UBS Group upped their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Barclays increased their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Stock Performance

OMC stock opened at $79.05 on Friday. The firm has a market cap of $15.26 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $76.09 and a 200-day moving average price of $76.00. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $89.35.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were given a dividend of $0.80 per share. This is a positive change 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 4.0%. Omnicom Group’s payout ratio is 47.27%.

Omnicom Group 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.