Pallas Capital Advisors LLC Invests $531,000 in Omnicom Group Inc. $OMC

Pallas Capital Advisors LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,288 shares of the business services provider’s stock, valued at approximately $531,000.

A number of other large investors have also recently made changes to their positions in the company. Wakefield Asset Management LLLP increased its position in Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock worth $477,000 after buying an additional 149 shares during the period. Caldwell Trust Co boosted its holdings in shares of Omnicom Group by 29.0% in the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 149 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Omnicom Group by 39.1% in the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 153 shares during the period. Blake Schutter Theil Wealth Advisors LLC grew its position in shares of Omnicom Group by 3.5% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after acquiring an additional 167 shares during the last quarter. Finally, Binnacle Investments Inc grew its position in shares of Omnicom Group by 17.7% during the second quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock worth $81,000 after acquiring an additional 169 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on OMC. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. 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. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Citigroup decreased their target price on shares of 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 price target 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 given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $87.38 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The stock has a fifty day moving average price of $79.89 and a 200 day moving average price of $77.43. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $88.55. The company has a market cap of $23.97 billion, a PE ratio of 75.33, a P/E/G ratio of 0.57 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The firm had revenue of $6.56 billion during 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%. The business’s quarterly revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. Sell-side analysts forecast that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 dividend yield of 3.7%. Omnicom Group’s payout ratio is presently 275.86%.

Omnicom Group 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.