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

Deutsche Bank AG raised its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,228,562 shares of the business services provider's stock after purchasing an additional 135,442 shares during the quarter. Deutsche Bank AG owned about 0.63% of Omnicom Group worth $105,705,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the fourth quarter valued at $25,000. Venturi Wealth Management LLC grew its holdings in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. increased its position in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Finally, Whittier Trust Co. lifted its position in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OMC shares. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group reduced their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Stock Performance

Omnicom Group stock opened at $75.94 on Friday. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $14.82 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The stock has a 50 day moving average of $77.45 and a 200-day moving average of $86.55.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

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.

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