Commerzbank Aktiengesellschaft FI Has $3.73 Million Stock Holdings in Omnicom Group Inc. $OMC

Commerzbank Aktiengesellschaft FI trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 29.3% in the first quarter, HoldingsChannel.com reports. The fund owned 49,502 shares of the business services provider’s stock after selling 20,521 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Omnicom Group were worth $3,728,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OMC. Leonard Rickey Investment Advisors P.L.L.C. raised its stake in Omnicom Group by 4.1% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 147 shares in the last quarter. Wakefield Asset Management LLLP grew its stake in Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock worth $477,000 after buying an additional 149 shares in the last quarter. Caldwell Trust Co increased its holdings in Omnicom Group by 29.0% in the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after buying an additional 149 shares during the period. SJS Investment Consulting Inc. increased its holdings in Omnicom Group by 39.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after buying an additional 153 shares during the period. Finally, Hartford Financial Management Inc. raised its position in shares of Omnicom Group by 27.0% in the 4th quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock valued at $62,000 after buying an additional 162 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OMC shares. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Citigroup decreased their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley boosted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Omnicom Group currently has an average rating of “Hold” and an average target price of $99.38.

Omnicom Group Stock Up 0.8%

Shares of NYSE OMC opened at $82.40 on Tuesday. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 211.28, a PEG ratio of 0.49 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The stock has a 50-day moving average price of $75.93 and a two-hundred day moving average price of $76.80.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. As a group, analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 3.9%. Omnicom Group’s dividend payout ratio is presently 820.51%.

About Omnicom Group

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.