CENTRAL TRUST Co Cuts Stock Position in Omnicom Group Inc. (NYSE:OMC)

CENTRAL TRUST Co decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,306 shares of the business services provider’s stock after selling 121 shares during the period. CENTRAL TRUST Co’s holdings in Omnicom Group were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after buying an additional 374,952 shares during the last quarter. International Assets Investment Management LLC increased its stake 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 worth $22,127,000 after buying an additional 213,962 shares in the last quarter. Arvest Bank Trust Division acquired a new position in shares of Omnicom Group during the third quarter valued at approximately $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Omnicom Group by 46.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after acquiring an additional 156,173 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on OMC shares. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, UBS Group increased 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Up 1.1 %

OMC stock opened at $87.74 on Tuesday. The firm has a market cap of $17.24 billion, a PE ratio of 11.99, a PEG ratio of 1.89 and a beta of 0.98. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm’s 50 day moving average price is $90.36 and its 200-day moving average price is $96.23.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

About Omnicom Group

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.