Nisa Investment Advisors LLC Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Nisa Investment Advisors LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,798 shares of the business services provider’s stock after buying an additional 1,178 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Omnicom Group were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC lifted its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Omnicom Group by 16.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after buying an additional 401 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in Omnicom Group during the third quarter valued at approximately $713,000. Thrivent Financial for Lutherans grew its stake in Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after buying an additional 8,643 shares during the period. Finally, Assetmark Inc. increased its position in shares of Omnicom Group by 2.0% in the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after acquiring an additional 9,774 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.5 %

Shares of NYSE:OMC opened at $86.60 on Friday. The firm has a market cap of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The company has a fifty day simple moving average of $91.85 and a 200 day simple moving average of $96.39. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00.

Omnicom Group Dividend Announcement

The business also recently announced 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 3.23%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays decreased their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.63.

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.