Nisa Investment Advisors LLC Has $6.94 Million Stock Position in Omnicom Group Inc. $OMC

Nisa Investment Advisors LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 27.8% during the third quarter, Holdings Channel.com reports. The firm owned 84,374 shares of the business services provider’s stock after acquiring an additional 18,360 shares during the period. Nisa Investment Advisors LLC’s holdings in Omnicom Group were worth $6,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. Capital A Wealth Management LLC raised its stake in Omnicom Group by 548.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after buying an additional 318 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of Omnicom Group during the second quarter worth approximately $29,000. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group in the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new stake in Omnicom Group in the 2nd quarter valued at $37,000. Finally, City Holding Co. increased its stake in Omnicom Group by 1,373.5% during the 3rd quarter. City Holding Co. now owns 501 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 467 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OMC has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. UBS Group raised their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Barclays boosted their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Morgan Stanley started coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target for the company. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Hold” and an average target price of $92.14.

Omnicom Group Price Performance

Omnicom Group stock opened at $79.05 on Friday. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $89.35. The company’s 50 day moving average price is $76.09 and its two-hundred day moving average price is $76.00. The stock has a market cap of $15.26 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.31 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business posted $2.03 earnings per share. Omnicom Group’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s dividend payout ratio (DPR) is presently 47.27%.

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.