Brooklyn Investment Group Increases Holdings in Omnicom Group Inc. (NYSE:OMC)

Brooklyn Investment Group boosted its position in Omnicom Group Inc. (NYSE:OMC) by 57.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831 shares of the business services provider’s stock after purchasing an additional 302 shares during the period. Brooklyn Investment Group’s holdings in Omnicom Group were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Barclays PLC lifted its position in shares of Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after acquiring an additional 13,637 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Omnicom Group by 73.0% during the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after acquiring an additional 324,196 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Omnicom Group by 2.5% during the second quarter. Epoch Investment Partners Inc. now owns 733,679 shares of the business services provider’s stock valued at $65,811,000 after acquiring an additional 17,651 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.5 %

Shares of NYSE:OMC opened at $85.41 on Monday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The stock has a 50-day simple moving average of $93.30 and a 200-day simple moving average of $96.57. 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 stock has a market capitalization of $16.66 billion, a P/E ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OMC. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on 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 increased their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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.