Omnicom Group Inc. $OMC Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its position in Omnicom Group Inc. (NYSE:OMC) by 121.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,126 shares of the business services provider’s stock after acquiring an additional 42,266 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Omnicom Group were worth $5,808,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. AustralianSuper Pty Ltd lifted its holdings in Omnicom Group by 24.2% during the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock valued at $10,579,000 after purchasing an additional 25,317 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Omnicom Group by 3.7% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock worth $32,318,000 after purchasing an additional 14,155 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Omnicom Group by 155.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after purchasing an additional 55,421 shares during the last quarter. AIA Group Ltd purchased a new position in Omnicom Group in the 3rd quarter valued at about $1,376,000. Finally, Nordea Investment Management AB lifted its stake in Omnicom Group by 2,103.2% in the 4th quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock valued at $33,262,000 after buying an additional 392,392 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC stock opened at $73.11 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The business has a 50 day simple moving average of $75.11 and a 200-day simple moving average of $76.78. The firm has a market capitalization of $20.84 billion, a PE ratio of 187.46, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. Omnicom Group’s payout ratio is presently 820.51%.

Wall Street Analysts Forecast Growth

Several research firms have commented on OMC. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. UBS Group lifted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, The Goldman Sachs Group started coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Omnicom Group has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Company 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.