AEGON ASSET MANAGEMENT UK Plc Raises Stake in Omnicom Group Inc. (NYSE:OMC)

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,511 shares of the business services provider’s stock after purchasing an additional 156,173 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Omnicom Group were worth $42,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GSB Wealth Management LLC increased its holdings in shares of Omnicom Group by 2.7% during the fourth quarter. GSB Wealth Management LLC now owns 8,503 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 222 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 161 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Omnicom Group by 114.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,894 shares of the business services provider’s stock valued at $1,798,000 after purchasing an additional 11,159 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Omnicom Group by 2.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after buying an additional 182 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in shares of Omnicom Group in the fourth quarter worth approximately $911,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $86.60 on Friday. The firm has a market capitalization of $16.90 billion, a P/E ratio of 11.83, 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 one year low of $81.42 and a one year high of $107.00. The business has a fifty day moving average of $91.65 and a 200 day moving average of $96.37.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OMC shares. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. 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. UBS Group increased their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.63.

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.