Van ECK Associates Corp Buys 9,590 Shares of Omnicom Group Inc. (NYSE:OMC)

Van ECK Associates Corp boosted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,353 shares of the business services provider's stock after buying an additional 9,590 shares during the quarter. Van ECK Associates Corp owned approximately 0.05% of Omnicom Group worth $8,549,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock worth $613,000 after buying an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock worth $66,000 after buying an additional 97 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock worth $279,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock worth $514,000 after buying an additional 102 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock worth $683,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Macquarie reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Finally, Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Trading Down 0.2 %

Shares of OMC traded down $0.16 during trading hours on Thursday, reaching $83.52. The stock had a trading volume of 2,692,763 shares, compared to its average volume of 2,540,117. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The firm has a 50-day moving average of $85.73 and a 200 day moving average of $95.29. The company has a market cap of $16.41 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the company posted $2.20 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

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.