Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 12.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,228,562 shares of the business services provider’s stock after buying an additional 135,442 shares during the period. Deutsche Bank AG’s holdings in Omnicom Group were worth $105,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA grew its stake in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after buying an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Omnicom Group during the fourth quarter worth about $150,819,000. FMR LLC increased its holdings in shares of Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. lifted its position in Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group during the 4th quarter valued at about $79,321,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.7 %

Shares of OMC stock opened at $75.94 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $77.45 and a 200 day simple moving average of $86.55. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The stock has a market capitalization of $14.82 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. Omnicom Group’s dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

OMC has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Barclays lowered their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.29.

About Omnicom Group

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.