AE Wealth Management LLC Grows Holdings in Omnicom Group Inc. $OMC

AE Wealth Management LLC boosted its position in Omnicom Group Inc. (NYSE:OMC) by 7.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 290,181 shares of the business services provider’s stock after purchasing an additional 20,146 shares during the period. AE Wealth Management LLC’s holdings in Omnicom Group were worth $23,659,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OMC. JPMorgan Chase & Co. boosted its stake in shares of Omnicom Group by 117.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after buying an additional 3,362,411 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Omnicom Group by 73.6% during the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after acquiring an additional 2,820,553 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Omnicom Group by 38.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after purchasing an additional 1,255,197 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Omnicom Group in the 2nd quarter valued at $67,048,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Omnicom Group by 9.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after purchasing an additional 691,560 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMC. Barclays boosted their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Bank of America reissued an “underperform” rating and set a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. UBS Group upped their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Morgan Stanley assumed coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price for the company. Four equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Price Performance

Omnicom Group stock opened at $75.85 on Friday. The firm has a market capitalization of $14.64 billion, a P/E ratio of 11.20, a PEG ratio of 1.27 and a beta of 0.74. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.27. 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 has a fifty day moving average price of $77.68 and a 200-day moving average price of $76.53.

Omnicom Group Increases Dividend

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

About Omnicom Group

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.