Lbp Am Sa Has $9.82 Million Holdings in Omnicom Group Inc. $OMC

Lbp Am Sa lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,477 shares of the business services provider’s stock after buying an additional 10,819 shares during the quarter. Lbp Am Sa owned about 0.06% of Omnicom Group worth $9,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Omnicom Group by 117.9% in the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after purchasing an additional 3,362,411 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Omnicom Group by 38.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock valued at $324,782,000 after buying an additional 1,255,197 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at about $67,048,000. Massachusetts Financial Services Co. MA increased its position in Omnicom Group by 9.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after buying an additional 691,560 shares in the last quarter. Finally, Jump Financial LLC raised its stake in Omnicom Group by 2,524.0% during the 2nd quarter. Jump Financial LLC now owns 504,195 shares of the business services provider’s stock worth $36,272,000 after buying an additional 484,980 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of a number of research reports. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Morgan Stanley initiated coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target for the company. Bank of America reaffirmed an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday. Finally, Barclays upped their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Stock Up 0.8%

OMC opened at $80.43 on Tuesday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.35. The firm has a market capitalization of $15.52 billion, a P/E ratio of 11.88, a PEG ratio of 1.33 and a beta of 0.74. The company’s 50-day moving average is $77.41 and its 200 day moving average is $76.50. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a $0.80 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio is currently 47.27%.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.