Crossmark Global Holdings Inc. Has $10.10 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Crossmark Global Holdings Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,418 shares of the business services provider’s stock after purchasing an additional 2,756 shares during the period. Crossmark Global Holdings Inc. owned about 0.06% of Omnicom Group worth $10,103,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of Omnicom Group during the second quarter worth about $1,606,000. Sei Investments Co. lifted its position in shares of Omnicom Group by 34.1% in the 2nd quarter. Sei Investments Co. now owns 206,506 shares of the business services provider’s stock worth $18,524,000 after purchasing an additional 52,469 shares during the period. Profund Advisors LLC boosted its stake in shares of Omnicom Group by 16.8% in the 2nd quarter. Profund Advisors LLC now owns 6,371 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 915 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Omnicom Group by 5.8% during the second quarter. ProShare Advisors LLC now owns 37,980 shares of the business services provider’s stock worth $3,407,000 after buying an additional 2,097 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Omnicom Group by 30.7% during the second quarter. EverSource Wealth Advisors LLC now owns 588 shares of the business services provider’s stock worth $58,000 after buying an additional 138 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Omnicom Group Stock Performance

NYSE OMC opened at $86.57 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a fifty day simple moving average of $92.92 and a 200 day simple moving average of $96.55. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The company has a market cap of $16.89 billion, a P/E ratio of 11.83, a PEG ratio of 1.81 and a beta of 0.98.

Omnicom Group Dividend Announcement

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

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.