Cullen Frost Bankers Inc. Acquires 1,046 Shares of Omnicom Group Inc. (NYSE:OMC)

Cullen Frost Bankers Inc. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 175,439 shares of the business services provider’s stock after acquiring an additional 1,046 shares during the period. Cullen Frost Bankers Inc.’s holdings in Omnicom Group were worth $15,095,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Arizona State Retirement System raised its stake in shares of Omnicom Group by 1.3% during the fourth quarter. Arizona State Retirement System now owns 56,826 shares of the business services provider’s stock valued at $4,889,000 after acquiring an additional 719 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Omnicom Group during the fourth quarter worth $279,000. Proficio Capital Partners LLC acquired a new stake in shares of Omnicom Group during the fourth quarter worth $5,125,000. Assetmark Inc. increased its position in shares of Omnicom Group by 10.2% during the fourth quarter. Assetmark Inc. now owns 538,813 shares of the business services provider’s stock worth $46,359,000 after buying an additional 49,774 shares during the period. Finally, Keybank National Association OH increased its position in shares of Omnicom Group by 25.6% during the fourth quarter. Keybank National Association OH now owns 19,820 shares of the business services provider’s stock worth $1,705,000 after buying an additional 4,035 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OMC. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. 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 report on Tuesday, December 10th. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Up 1.8 %

Omnicom Group stock opened at $82.25 on Thursday. Omnicom Group Inc. has a 1-year low of $79.57 and a 1-year high of $107.00. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The firm’s fifty day moving average price is $84.55 and its two-hundred day moving average price is $94.53. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the business earned $2.20 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.