AIA Group Ltd Acquires 505 Shares of Omnicom Group Inc. (NYSE:OMC)

AIA Group Ltd increased its holdings in shares of Omnicom Group Inc. (NYSE:OMCGet Rating) by 31.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,123 shares of the business services provider’s stock after purchasing an additional 505 shares during the quarter. AIA Group Ltd’s holdings in Omnicom Group were worth $180,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Glenview Trust Co raised its stake in shares of Omnicom Group by 0.8% during the 4th quarter. Glenview Trust Co now owns 17,992 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 135 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in Omnicom Group by 2.7% during the first quarter. Capital Investment Advisory Services LLC now owns 5,376 shares of the business services provider’s stock worth $456,000 after acquiring an additional 142 shares in the last quarter. People s United Financial Inc. lifted its stake in Omnicom Group by 4.2% in the fourth quarter. People s United Financial Inc. now owns 3,785 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 151 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Omnicom Group by 2.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,205 shares of the business services provider’s stock valued at $601,000 after acquiring an additional 158 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Omnicom Group by 20.3% during the 4th quarter. Quadrant Capital Group LLC now owns 948 shares of the business services provider’s stock worth $69,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 93.08% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $69.08 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.95. Omnicom Group Inc. has a 52-week low of $61.31 and a 52-week high of $91.61. The firm has a market cap of $14.15 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 4.27 and a beta of 0.84. The business’s fifty day moving average is $67.13 and its 200-day moving average is $75.31.

Omnicom Group (NYSE:OMCGet Rating) last released its earnings results on Tuesday, July 19th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.56 by $0.12. Omnicom Group had a net margin of 9.07% and a return on equity of 39.15%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $1.46 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that Omnicom Group Inc. will post 6.33 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s payout ratio is presently 45.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OMC shares. Citigroup boosted their price target on Omnicom Group to $86.00 in a research report on Friday, July 22nd. Edward Jones cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. BMO Capital Markets upped their price objective on shares of Omnicom Group from $82.00 to $89.00 in a report on Thursday, April 21st. Wells Fargo & Company raised their target price on shares of Omnicom Group from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 20th. Finally, Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $83.90.

About Omnicom Group

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Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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