Omnicom Group Inc. (NYSE:OMC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 132.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,359 shares of the business services provider’s stock after buying an additional 121,950 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Omnicom Group were worth $18,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of OMC. OFI Invest Asset Management acquired a new position in Omnicom Group in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its holdings in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the period. KB Financial Partners LLC increased its holdings in Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after buying an additional 305 shares during the period. Carolinas Wealth Consulting LLC grew its stake in shares of Omnicom Group by 1,805.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after purchasing an additional 307 shares during the period. Finally, Ronald Blue Trust Inc. grew its stake in shares of Omnicom Group by 64.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.1 %

Shares of NYSE:OMC opened at $91.48 on Friday. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The business’s 50 day moving average price is $91.35 and its 200-day moving average price is $85.18.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

OMC has been the topic of a number of analyst reports. Moffett Nathanson raised their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. Macquarie raised their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Barclays raised their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, UBS Group began coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

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.