RFG Advisory LLC Purchases Shares of 10,584 Omnicom Group Inc. (NYSE:OMC)

RFG Advisory LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,584 shares of the business services provider’s stock, valued at approximately $911,000.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Omnicom Group during the 2nd quarter valued at about $1,606,000. Public Sector Pension Investment Board increased its position in shares of Omnicom Group by 70.8% during the second quarter. Public Sector Pension Investment Board now owns 7,622 shares of the business services provider’s stock worth $684,000 after acquiring an additional 3,159 shares during the period. Squarepoint Ops LLC raised its stake in shares of Omnicom Group by 652.8% in the second quarter. Squarepoint Ops LLC now owns 40,420 shares of the business services provider’s stock valued at $3,626,000 after acquiring an additional 35,051 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Omnicom Group by 207.3% in the second quarter. APG Asset Management N.V. now owns 21,643 shares of the business services provider’s stock valued at $1,811,000 after purchasing an additional 14,600 shares during the period. Finally, MBB Public Markets I LLC grew its stake in Omnicom Group by 540.2% during the 2nd quarter. MBB Public Markets I LLC now owns 15,671 shares of the business services provider’s stock worth $1,406,000 after purchasing an additional 13,223 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One 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 MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.63.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $86.60 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The firm has a market capitalization of $16.90 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.88 and a beta of 0.98. The company’s fifty day moving average price is $91.65 and its 200 day moving average price is $96.41.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Omnicom Group 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.