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

AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 46.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 495,511 shares of the business services provider’s stock after acquiring an additional 156,173 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.25% of Omnicom Group worth $42,634,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OMC. Resonant Capital Advisors LLC grew its holdings in shares of Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after purchasing an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Omnicom Group by 17.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after buying an additional 97 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after buying an additional 100 shares during the period. Iowa State Bank lifted its stake in shares of Omnicom Group by 0.4% in the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock valued at $2,528,000 after acquiring an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 102 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 0.5 %

Shares of NYSE OMC opened at $86.60 on Friday. The firm has a fifty day simple moving average of $91.65 and a two-hundred day simple moving average of $96.37. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

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

Analyst Upgrades and Downgrades

OMC has been the topic of several recent research reports. Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company lowered 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. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.63.

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.