Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in Omnicom Group Inc. (NYSE:OMC) by 57.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 831 shares of the business services provider’s stock after acquiring an additional 302 shares during the period. Brooklyn Investment Group’s holdings in Omnicom Group were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also 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 worth $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Omnicom Group during the third quarter worth about $33,000. Davis Capital Management bought a new position in Omnicom Group in the third quarter worth about $36,000. Finally, HM Payson & Co. boosted its stake in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $85.41 on Monday. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The stock’s 50 day moving average price is $93.30 and its 200 day moving average price is $96.57.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Analyst Ratings Changes

Several analysts recently issued reports on OMC shares. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Barclays lifted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.00.

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.