Exchange Traded Concepts LLC Buys 11,159 Shares of Omnicom Group Inc. (NYSE:OMC)

Exchange Traded Concepts LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 114.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,894 shares of the business services provider’s stock after acquiring an additional 11,159 shares during the period. Exchange Traded Concepts LLC’s holdings in Omnicom Group were worth $1,798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. State Street Corp lifted its stake in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its holdings in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the period. Millennium Management LLC increased its holdings in Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after purchasing an additional 324,196 shares during the period. International Assets Investment Management LLC increased its holdings in Omnicom Group by 389,021.8% during the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares during the period. Finally, Arvest Bank Trust Division purchased a new position in Omnicom Group during the 3rd quarter valued at about $21,191,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $86.60 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $16.90 billion, a P/E ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. The stock’s 50 day moving average is $91.65 and its 200 day moving average is $96.41. Omnicom Group Inc. has a twelve month low of $81.42 and a twelve month high of $107.00.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group’s payout ratio is currently 38.25%.

Analysts Set New Price Targets

OMC has been the topic of a number of research analyst reports. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $108.63.

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.