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

Cullen Frost Bankers Inc. lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,439 shares of the business services provider’s stock after purchasing an additional 1,046 shares during the period. Cullen Frost Bankers Inc. owned 0.09% of Omnicom Group worth $15,095,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after purchasing an additional 102 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock worth $683,000 after purchasing an additional 113 shares in the last quarter. Metis Global Partners LLC grew its position in shares of Omnicom Group by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after purchasing an additional 120 shares in the last quarter. Gold Investment Management Ltd. grew its position in shares of Omnicom Group by 1.1% during the 3rd quarter. Gold Investment Management Ltd. now owns 11,223 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 127 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its position in shares of Omnicom Group by 3.5% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock worth $400,000 after purchasing an additional 130 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company cut 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 cut 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 reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $82.25 on Thursday. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $84.55 and a 200 day simple moving average of $94.53. Omnicom Group Inc. has a one year low of $79.57 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.20 earnings per share. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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

Omnicom Group Company 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.