Shayne & Jacobs LLC Buys 6,220 Shares of Omnicom Group Inc. $OMC

Shayne & Jacobs LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,321 shares of the business services provider’s stock after purchasing an additional 6,220 shares during the quarter. Omnicom Group makes up approximately 1.0% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 19th largest holding. Shayne & Jacobs LLC’s holdings in Omnicom Group were worth $2,973,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Robinson Value Management Ltd. raised its position in shares of Omnicom Group by 0.4% in the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock valued at $2,837,000 after purchasing an additional 139 shares during the period. Mezzasalma Advisors LLC raised its position in shares of Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 159 shares during the period. Financial Advisors Network Inc. raised its position in shares of Omnicom Group by 6.1% in the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 165 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of Omnicom Group by 39.1% in the first quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 173 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 1.4%

Shares of Omnicom Group stock opened at $76.50 on Friday. The firm’s 50-day moving average price is $76.88 and its two-hundred day moving average price is $75.02. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. 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 company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.52 and a beta of 0.96.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is currently 40.17%.

Analyst Upgrades and Downgrades

OMC has been the topic of several research analyst reports. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Bank of America upgraded 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. decreased their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday. Finally, Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.29.

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.