Mizuho Securities USA LLC Has $1.59 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Mizuho Securities USA LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 45.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,490 shares of the business services provider's stock after buying an additional 5,803 shares during the quarter. Mizuho Securities USA LLC's holdings in Omnicom Group were worth $1,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OMC. World Investment Advisors LLC increased its stake in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after acquiring an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Omnicom Group during the 3rd quarter worth about $713,000. Thrivent Financial for Lutherans boosted its stake in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock worth $32,411,000 after buying an additional 50,153 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OMC shares. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Macquarie reissued an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $105.75.

Omnicom Group Stock Down 0.8 %

Shares of Omnicom Group stock traded down $0.64 on Friday, hitting $79.99. The company had a trading volume of 856,395 shares, compared to its average volume of 2,020,269. The stock has a 50-day moving average of $83.34 and a 200-day moving average of $92.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The firm has a market capitalization of $15.72 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.50%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Omnicom Group 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.