Park Avenue Securities LLC Invests $331,000 in Omnicom Group Inc. (NYSE:OMC)

Park Avenue Securities LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,250 shares of the business services provider’s stock, valued at approximately $331,000.

Several other institutional investors have also added to or reduced their stakes in OMC. Clear Street Markets LLC increased its stake in shares of Omnicom Group by 131.7% in the 2nd quarter. Clear Street Markets LLC now owns 431 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 245 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in Omnicom Group in the second quarter valued at about $27,000. Arlington Partners LLC bought a new position in Omnicom Group in the second quarter valued at about $30,000. Venture Visionary Partners LLC bought a new position in shares of Omnicom Group in the second quarter worth about $36,000. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Omnicom Group by 623.3% in the 2nd quarter. Janiczek Wealth Management LLC now owns 528 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 455 shares in the last quarter. 90.20% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 2.0 %

NYSE OMC opened at $83.78 on Monday. Omnicom Group Inc. has a 12 month low of $61.31 and a 12 month high of $91.61. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $17.08 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 4.67 and a beta of 0.84. The business’s 50-day moving average price is $80.08 and its two-hundred day moving average price is $72.61.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Wednesday, December 21st were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.34%. Omnicom Group’s payout ratio is 44.94%.

Analysts Set New Price Targets

A number of research firms recently issued reports on OMC. Barclays upped their price objective on shares of Omnicom Group to $80.00 in a research report on Thursday, October 27th. Morgan Stanley increased their price target on Omnicom Group from $67.00 to $75.00 and gave the company an “underweight” rating in a research note on Monday, December 19th. Finally, StockNews.com assumed coverage on Omnicom Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.40.

Omnicom Group Company Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.