Jackson Creek Investment Advisors LLC Buys New Position in Omnicom Group Inc. $OMC

Jackson Creek Investment Advisors LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,675 shares of the business services provider’s stock, valued at approximately $870,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Capital A Wealth Management LLC grew its stake in shares of Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Omnicom Group in the 2nd quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in shares of Omnicom Group by 289.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group during the 2nd quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Omnicom Group during the second quarter valued at about $37,000. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OMC shares. Barclays lifted their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Morgan Stanley initiated coverage on 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 lifted their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Bank of America restated an “underperform” rating and issued a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $76.46 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The business’s fifty day moving average price is $77.75 and its two-hundred day moving average price is $76.66. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.27. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is presently 47.27%.

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.