12,148 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,148 shares of the business services provider’s stock, valued at approximately $1,043,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $33,000. Davis Capital Management bought a new position in shares of Omnicom Group during the third quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its holdings in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Up 0.1 %

Omnicom Group stock opened at $86.21 on Friday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The company has a market cap of $16.82 billion, a PE ratio of 11.78, a PEG ratio of 1.88 and a beta of 0.98. 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 business’s 50-day simple moving average is $92.23 and its two-hundred day simple moving average is $96.46.

Omnicom Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on OMC. Barclays increased their target price on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price 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 lifted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research 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 stock an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.00.

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.