Lbp Am Sa Boosts Holdings in Omnicom Group Inc. $OMC

Lbp Am Sa raised its stake in Omnicom Group Inc. (NYSE:OMC) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,477 shares of the business services provider’s stock after acquiring an additional 10,819 shares during the quarter. Lbp Am Sa’s holdings in Omnicom Group were worth $9,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI lifted its stake in Omnicom Group by 64.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 54,369 shares of the business services provider’s stock valued at $4,433,000 after purchasing an additional 21,265 shares during the last quarter. MBM Wealth Consultants LLC grew 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 during the period. FSB Premier Wealth Management Inc. increased its holdings in Omnicom Group by 58.5% in the 3rd quarter. FSB Premier Wealth Management Inc. now owns 14,515 shares of the business services provider’s stock worth $1,183,000 after acquiring an additional 5,358 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in 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 worth $2,257,000 after acquiring an additional 16,866 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised 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 valued at $166,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

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

Omnicom Group Price Performance

Omnicom Group stock opened at $80.43 on Tuesday. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.33 and a beta of 0.74. 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 business has a 50-day simple moving average of $77.41 and a 200 day simple moving average of $76.50. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $89.35.

Omnicom Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were paid a $0.80 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s payout ratio is 47.27%.

About Omnicom Group

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.