Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Omnicom Group Inc. (NYSE:OMC)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,675 shares of the business services provider's stock after buying an additional 32,601 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.19% of Omnicom Group worth $32,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc lifted 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 purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after purchasing an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group in the 3rd quarter valued at about $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Omnicom Group Price Performance

Shares of OMC traded down $2.13 on Wednesday, reaching $80.38. The stock had a trading volume of 1,939,117 shares, compared to its average volume of 1,842,230. The firm has a market capitalization of $15.79 billion, a PE ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of $84.35 and a 200 day moving average of $94.13. Omnicom Group Inc. has a twelve month low of $79.33 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm posted $2.20 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS 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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio 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.