Commerzbank Aktiengesellschaft FI Has $4.43 Million Position in Omnicom Group Inc. $OMC

Commerzbank Aktiengesellschaft FI boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 64.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,369 shares of the business services provider’s stock after acquiring an additional 21,265 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Omnicom Group were worth $4,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC grew its stake in shares of Omnicom Group by 7.9% in the 3rd quarter. MBM Wealth Consultants LLC now owns 4,656 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 340 shares during the period. FSB Premier Wealth Management Inc. boosted its stake in Omnicom Group by 58.5% in the 3rd quarter. FSB Premier Wealth Management Inc. now owns 14,515 shares of the business services provider’s stock valued at $1,183,000 after buying an additional 5,358 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Omnicom Group by 156.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 27,680 shares of the business services provider’s stock valued at $2,257,000 after acquiring an additional 16,866 shares during the period. Deseret Mutual Benefit Administrators raised its stake in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after acquiring an additional 149 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Omnicom Group by 35.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 330,065 shares of the business services provider’s stock valued at $26,910,000 after acquiring an additional 86,357 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.7%

NYSE OMC opened at $79.81 on Friday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $89.35. The stock has a 50-day simple moving average of $77.26 and a 200 day simple moving average of $76.42. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $15.40 billion, a PE ratio of 11.79, a P/E/G ratio of 1.33 and a beta of 0.74.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.27%.

Analysts Set New Price Targets

OMC has been the subject of a number of recent analyst reports. Bank of America reiterated an “underperform” rating and set a $77.00 target price (down previously from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday. Morgan Stanley assumed coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price for the company. UBS Group boosted their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Barclays raised their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.