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Commerzbank Aktiengesellschaft FI Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

Omnicom Group logo with Business Services background

Commerzbank Aktiengesellschaft FI lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 53.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,908 shares of the business services provider's stock after acquiring an additional 5,896 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Omnicom Group were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 period. Castlekeep Investment Advisors LLC acquired a new position in shares of Omnicom Group in the 4th quarter valued at $150,819,000. FMR LLC raised its stake 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 valued at $172,987,000 after buying an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Omnicom Group by 23.8% during the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after purchasing an additional 747,575 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.3%

NYSE:OMC traded up $0.22 on Friday, reaching $71.08. 4,789,196 shares of the stock traded hands, compared to its average volume of 2,740,580. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company's 50 day moving average is $72.86 and its 200-day moving average is $78.03. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the business posted $1.95 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OMC shares. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research note on Monday, June 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and an average target price of $94.43.

Read Our Latest Report on Omnicom Group

About Omnicom Group

(Free Report)

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.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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