MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases Shares of 12,148 Omnicom Group Inc. (NYSE:OMC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,148 shares of the business services provider’s stock, valued at approximately $1,043,000.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp grew its holdings in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the period. Geode Capital Management LLC boosted its position in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC grew its stake in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. Millennium Management LLC increased its holdings in shares of Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after purchasing an additional 324,196 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock valued at $72,465,000 after purchasing an additional 134,927 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Stock Up 0.1 %

NYSE OMC opened at $86.21 on Friday. The business has a fifty day moving average price of $92.23 and a 200 day moving average price of $96.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market cap of $16.82 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.