Commerce Bank Purchases 4,873 Shares of Omnicom Group Inc. (NYSE:OMC)

Commerce Bank boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,864 shares of the business services provider’s stock after buying an additional 4,873 shares during the quarter. Commerce Bank’s holdings in Omnicom Group were worth $5,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aviva PLC increased its stake in shares of Omnicom Group by 406.1% in the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after acquiring an additional 101,348 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Omnicom Group in the 3rd quarter valued at approximately $200,000. Arvest Investments Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $1,969,000. Raymond James & Associates grew its position in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after purchasing an additional 13,709 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Omnicom Group by 1,627.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after purchasing an additional 62,640 shares during the period. 91.97% of the stock is owned by institutional investors.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OMC shares. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Thursday, March 28th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. Moffett Nathanson upped their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Macquarie upped their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Omnicom Group Stock Performance

OMC opened at $95.11 on Friday. The firm has a market cap of $18.63 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The business’s fifty day moving average is $94.27 and its 200-day moving average is $88.91.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.15. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Omnicom Group Company Profile

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.