Commerzbank Aktiengesellschaft FI acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,839 shares of the business services provider’s stock, valued at approximately $1,173,000.
A number of other large investors have also modified their holdings of OMC. Janus Henderson Group PLC lifted its position in Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after acquiring an additional 4,963,787 shares during the last quarter. Nordea Investment Management AB lifted its position in Omnicom Group by 501.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after acquiring an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after acquiring an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD lifted its position in Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after acquiring an additional 1,653,208 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Omnicom Group by 90.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after acquiring an additional 1,256,005 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
A number of research firms have weighed in on OMC. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets reissued a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, October 18th. Royal Bank Of Canada cut their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Jefferies Group reissued a “hold” rating and set a $82.00 target price on shares of Omnicom Group in a research report on Thursday, September 21st. Finally, Credit Suisse Group boosted their target price on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $84.00.
In related news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
Shares of Omnicom Group Inc. (OMC) traded down $1.38 on Friday, hitting $73.09. 3,133,600 shares of the stock were exchanged, compared to its average volume of 1,937,724. The firm has a market capitalization of $17,167.77, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.99 and a beta of 1.24. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $89.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.
Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. equities research analysts predict that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be paid a $0.60 dividend. The ex-dividend date is Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.28%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is presently 43.82%.
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Omnicom Group Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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