Commerzbank Aktiengesellschaft FI Takes Position in Omnicom Group Inc. $OMC

Commerzbank Aktiengesellschaft FI acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 50,057 shares of the business services provider’s stock, valued at approximately $3,646,000.

Other large investors have also bought and sold shares of the company. Activest Wealth Management lifted its stake in Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group during the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID raised its holdings in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the period. Finally, EFG International AG acquired a new stake in shares of Omnicom Group during the fourth quarter worth $28,000. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OMC. Citigroup reduced their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Rothschild & Co Redburn started coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. The Goldman Sachs Group started coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target on the stock. Morgan Stanley upped their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Performance

Shares of OMC stock opened at $85.51 on Tuesday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $88.55. The company’s fifty day simple moving average is $79.41 and its 200-day simple moving average is $77.27. The firm has a market cap of $23.46 billion, a PE ratio of 73.72, a P/E/G ratio of 0.58 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business posted $2.05 EPS. The firm’s revenue for the quarter was up 63.4% on a year-over-year basis. Equities research analysts expect that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

Omnicom Group Company Profile

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.