Mn Services Vermogensbeheer B.V. Has $6.64 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,200 shares of the business services provider’s stock after purchasing an additional 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Omnicom Group were worth $6,642,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Convergence Financial LLC lifted its holdings in Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after buying an additional 165 shares during the period. Shayne & Jacobs LLC lifted its holdings in Omnicom Group by 1.7% in the fourth quarter. Shayne & Jacobs LLC now owns 33,881 shares of the business services provider’s stock valued at $2,915,000 after buying an additional 550 shares during the period. Argonautica Private Wealth Management Inc. lifted its holdings in Omnicom Group by 7.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,302 shares of the business services provider’s stock valued at $284,000 after buying an additional 216 shares during the period. Advisor OS LLC lifted its holdings in Omnicom Group by 114.4% in the fourth quarter. Advisor OS LLC now owns 8,559 shares of the business services provider’s stock valued at $736,000 after buying an additional 4,567 shares during the period. Finally, Denali Advisors LLC lifted its holdings in Omnicom Group by 158.1% in the fourth quarter. Denali Advisors LLC now owns 5,714 shares of the business services provider’s stock valued at $492,000 after buying an additional 3,500 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on OMC shares. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. 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. Wells Fargo & Company lowered their target price on shares of 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, Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price 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 given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Up 1.2 %

Shares of OMC stock opened at $82.75 on Friday. The firm has a fifty day moving average of $84.86 and a 200-day moving average of $94.83. 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 12-month low of $80.31 and a 12-month high of $107.00. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.20 earnings per share. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is 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.