11,419 Shares in Omnicom Group Inc. $OMC Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,419 shares of the business services provider’s stock, valued at approximately $827,000.

A number of other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its stake in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd bought a new position in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the last quarter. Finally, EFG International AG purchased a new position in shares of Omnicom Group in the fourth quarter worth approximately $28,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.1%

Omnicom Group stock opened at $86.40 on Wednesday. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $88.55. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 74.49, a P/E/G ratio of 0.58 and a beta of 0.64. The firm has a 50 day moving average of $79.62 and a 200 day moving average of $77.34. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. Omnicom Group’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 3.7%. Omnicom Group’s dividend payout ratio is currently 275.86%.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Morgan Stanley lifted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Citigroup reduced their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.00.

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.