Global Retirement Partners LLC Takes Position in Omnicom Group Inc. $OMC

Global Retirement Partners LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,771 shares of the business services provider’s stock, valued at approximately $1,206,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Omnicom Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after buying an additional 344,652 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after acquiring an additional 691,560 shares in the last quarter. JPMorgan Chase & Co. increased its position in Omnicom Group by 117.9% during the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after acquiring an additional 3,362,411 shares during the period. Geode Capital Management LLC raised its stake in Omnicom Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock worth $382,717,000 after purchasing an additional 48,868 shares in the last quarter. Finally, Boston Partners boosted its holdings in Omnicom Group by 18.5% in the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock valued at $402,598,000 after purchasing an additional 762,871 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on OMC. Barclays lifted their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

Omnicom Group Trading Down 2.0%

Shares of OMC stock opened at $71.39 on Thursday. The stock’s fifty day moving average price is $76.04 and its two-hundred day moving average price is $74.92. The company has a market cap of $13.78 billion, a PE ratio of 10.55, a P/E/G ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

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

Omnicom Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. Omnicom Group’s payout ratio is presently 41.36%.

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.