Intech Investment Management LLC Takes Position in Omnicom Group Inc. $OMC

Intech Investment Management LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,564 shares of the business services provider’s stock, valued at approximately $256,000.

A number of other institutional investors also recently modified their holdings of the company. ProVise Management Group LLC lifted its position in shares of Omnicom Group by 5.3% in the second quarter. ProVise Management Group LLC now owns 119,643 shares of the business services provider’s stock worth $8,607,000 after purchasing an additional 6,044 shares in the last quarter. MJP Associates Inc. ADV lifted its position in shares of Omnicom Group by 3.7% in the second quarter. MJP Associates Inc. ADV now owns 6,389 shares of the business services provider’s stock valued at $460,000 after buying an additional 225 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Omnicom Group by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 137,937 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 6,903 shares during the last quarter. OmniStar Financial Group Inc. lifted its stake in shares of Omnicom Group by 5.4% during the 2nd quarter. OmniStar Financial Group Inc. now owns 13,627 shares of the business services provider’s stock worth $980,000 after buying an additional 703 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Omnicom Group by 6.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,852 shares of the business services provider’s stock worth $3,442,000 after acquiring an additional 2,917 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $72.00 on Tuesday. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $105.49. The company’s fifty day moving average is $75.82 and its 200 day moving average is $74.80. 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 announced its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company earned $2.03 EPS. Omnicom Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a $0.80 dividend. 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 4.4%. Omnicom Group’s dividend payout ratio is 47.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OMC shares. Barclays boosted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.57.

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.