Omnicom Group Inc. (NYSE:OMC) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,028 shares of the business services provider's stock after acquiring an additional 17,927 shares during the quarter. KBC Group NV owned about 0.06% of Omnicom Group worth $10,241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc raised its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after acquiring an additional 271 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Omnicom Group during the third quarter worth about $33,000. Davis Capital Management purchased a new stake in shares of Omnicom Group in the third quarter valued at about $36,000. Finally, HM Payson & Co. increased its stake in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Down 0.4 %

Shares of Omnicom Group stock traded down $0.35 during trading hours on Thursday, reaching $86.46. The stock had a trading volume of 1,063,367 shares, compared to its average volume of 2,118,511. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The firm has a 50 day simple moving average of $90.99 and a two-hundred day simple moving average of $96.31.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.24%. Omnicom Group's dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

Several equities analysts have weighed in on OMC shares. Macquarie reissued an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average target price of $108.25.

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.