Stance Capital LLC Buys New Position in Omnicom Group Inc. $OMC

Stance Capital LLC purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 18,523 shares of the business services provider’s stock, valued at approximately $1,333,000.

Other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Omnicom Group in the second quarter valued at approximately $218,000. Cape Investment Advisory Inc. increased its position in Omnicom Group by 39.3% during the second quarter. Cape Investment Advisory Inc. now owns 3,331 shares of the business services provider’s stock worth $240,000 after acquiring an additional 940 shares during the period. Asset Dedication LLC raised its stake in Omnicom Group by 5,445.5% during the 2nd quarter. Asset Dedication LLC now owns 3,050 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 2,995 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Omnicom Group by 19.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,590 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 589 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in Omnicom Group by 259.4% in the 2nd quarter. Kestra Investment Management LLC now owns 6,071 shares of the business services provider’s stock valued at $437,000 after purchasing an additional 4,382 shares during the period. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OMC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. UBS Group upped their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Barclays raised their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.33.

Omnicom Group Trading Up 0.1%

OMC stock opened at $80.15 on Friday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $91.86. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $75.26 and its 200-day moving average is $74.79. The firm has a market cap of $15.47 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.28 and a beta of 0.75.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. Omnicom Group’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is currently 41.36%.

Omnicom Group 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.