Park Avenue Securities LLC Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Park Avenue Securities LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 29.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,121 shares of the business services provider’s stock after purchasing an additional 2,970 shares during the quarter. Park Avenue Securities LLC’s holdings in Omnicom Group were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Renaissance Technologies LLC purchased a new stake in Omnicom Group in the 2nd quarter valued at approximately $1,606,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Omnicom Group by 10.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 17,589 shares of the business services provider’s stock valued at $1,578,000 after purchasing an additional 1,638 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Omnicom Group by 5.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,042 shares of the business services provider’s stock valued at $3,771,000 after purchasing an additional 2,091 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Omnicom Group by 34.1% during the 2nd quarter. Sei Investments Co. now owns 206,506 shares of the business services provider’s stock worth $18,524,000 after acquiring an additional 52,469 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of Omnicom Group by 116.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,448 shares of the business services provider’s stock worth $584,000 after acquiring an additional 3,474 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.5 %

Shares of Omnicom Group stock opened at $85.41 on Tuesday. 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 1 year low of $81.42 and a 1 year high of $107.00. The company has a market capitalization of $16.66 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.73 and a beta of 0.98. The business has a 50 day moving average price of $93.30 and a 200 day moving average price of $96.57.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

Several brokerages have recently commented on OMC. Wells Fargo & Company decreased their price target 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. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

About Omnicom Group

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.