Omnicom Group Inc. (NYSE:OMC) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 45.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,490 shares of the business services provider’s stock after acquiring 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.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc grew its stake in 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 acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares in the last quarter. Whittier Trust Co. raised its position in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after acquiring an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective 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 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. Finally, UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Omnicom Group Stock Up 1.2 %

Shares of NYSE:OMC opened at $80.38 on Wednesday. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00. The stock has a 50-day simple moving average of $83.53 and a 200-day simple moving average of $92.81. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $15.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued 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 net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the firm posted $2.20 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. Omnicom Group’s dividend payout ratio (DPR) is currently 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.