SGL Investment Advisors Inc. Invests $3.27 Million in Omnicom Group Inc. $OMC

SGL Investment Advisors Inc. purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the second quarter, HoldingsChannel reports. The firm purchased 38,620 shares of the business services provider’s stock, valued at approximately $3,269,000.

Several other institutional investors also recently bought and sold shares of OMC. BlackRock Inc. purchased a new position in Omnicom Group in the second quarter worth about $2,082,476,000. Vanguard Group Inc. grew its holdings in shares of Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after buying an additional 15,220,444 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Omnicom Group during the second quarter valued at approximately $914,156,000. State Street Corp raised its holdings in Omnicom Group by 40.4% in the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after acquiring an additional 6,813,441 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Omnicom Group by 522.9% in the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after acquiring an additional 4,364,797 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $87.02 on Friday. The firm has a fifty day simple moving average of $80.11 and a two-hundred day simple moving average of $77.50. The firm has a market cap of $23.87 billion, a PE ratio of 75.02, a P/E/G ratio of 0.58 and a beta of 0.64. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $88.55.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the firm earned $2.05 EPS. The business’s revenue was up 63.4% on a year-over-year basis. On average, equities analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is 275.86%.

Analyst Ratings Changes

Several brokerages have commented on OMC. Zacks Research downgraded Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Morgan Stanley upped their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Citigroup dropped their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average target price of $99.00.

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.