IFG Advisory LLC Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

IFG Advisory LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,805 shares of the business services provider’s stock after acquiring an additional 6,887 shares during the period. IFG Advisory LLC’s holdings in Omnicom Group were worth $4,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Robinson Value Management Ltd. boosted its position in Omnicom Group by 0.4% during the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after purchasing an additional 139 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after buying an additional 143 shares during the period. MGO One Seven LLC lifted its position in shares of Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock valued at $437,000 after buying an additional 157 shares in the last quarter. Mezzasalma Advisors LLC grew its stake in Omnicom Group by 3.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 159 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in Omnicom Group by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OMC. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 16th. Citigroup reissued a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Monday, June 23rd. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.43.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $71.11 on Friday. The firm has a 50-day simple moving average of $72.56 and a 200-day simple moving average of $77.32. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. Omnicom Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. On average, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. Omnicom Group’s payout ratio is 40.17%.

Omnicom Group Company Profile

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.