Van ECK Associates Corp Has $3.23 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Van ECK Associates Corp increased its holdings in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 65.3% during the third quarter, Holdings Channel reports. The fund owned 43,301 shares of the business services provider’s stock after purchasing an additional 17,103 shares during the period. Van ECK Associates Corp’s holdings in Omnicom Group were worth $3,226,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. ProVise Management Group LLC grew its position in Omnicom Group by 18.4% during the 3rd quarter. ProVise Management Group LLC now owns 74,830 shares of the business services provider’s stock worth $5,573,000 after acquiring an additional 11,626 shares during the last quarter. Stiles Financial Services Inc grew its position in Omnicom Group by 14.3% during the 3rd quarter. Stiles Financial Services Inc now owns 25,150 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 3,147 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Omnicom Group by 11.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,998 shares of the business services provider’s stock worth $745,000 after acquiring an additional 1,020 shares during the last quarter. Argent Trust Co grew its position in Omnicom Group by 12.7% during the 3rd quarter. Argent Trust Co now owns 18,374 shares of the business services provider’s stock worth $1,368,000 after acquiring an additional 2,075 shares during the last quarter. Finally, Spire Wealth Management grew its position in Omnicom Group by 10.5% during the 3rd quarter. Spire Wealth Management now owns 2,370 shares of the business services provider’s stock worth $177,000 after acquiring an additional 225 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of research analyst reports. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company increased their price objective on Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Macquarie upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $80.00 to $100.00 in a research report on Friday, January 5th. Finally, Barclays increased their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Omnicom Group has an average rating of “Hold” and an average price target of $99.22.

Get Our Latest Analysis on OMC

Omnicom Group Stock Performance

OMC stock opened at $86.45 on Tuesday. The business’s fifty day moving average is $87.07 and its 200-day moving average is $81.02. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a market cap of $17.12 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 7.71 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 22nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, December 21st. Omnicom Group’s payout ratio is presently 40.46%.

Omnicom Group Profile

(Free Report)

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 brand consulting, experiential, execution and support, public relations, and healthcare.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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