Sei Investments Co. Purchases 234,497 Shares of Omnicom Group Inc. $OMC

Sei Investments Co. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 48.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,718 shares of the business services provider’s stock after buying an additional 234,497 shares during the quarter. Sei Investments Co.’s holdings in Omnicom Group were worth $53,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Omnicom Group by 155.3% during the fourth 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 period. Deprince Race & Zollo Inc. raised its stake in Omnicom Group by 34.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock worth $42,316,000 after acquiring an additional 133,093 shares in the last quarter. LBP AM SA boosted its position in Omnicom Group by 24.2% in the fourth quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock valued at $12,086,000 after buying an additional 29,195 shares in the last quarter. Disciplined Equity Management Inc. acquired a new position in Omnicom Group in the 4th quarter worth about $1,343,000. Finally, Czech National Bank increased its stake in shares of Omnicom Group by 71.0% in the fourth quarter. Czech National Bank now owns 84,111 shares of the business services provider’s stock valued at $6,792,000 after buying an additional 34,909 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of a number of analyst reports. Citigroup reduced their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group started coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Morgan Stanley lifted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $99.38.

Omnicom Group Trading Up 2.3%

Shares of OMC opened at $79.70 on Friday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a market capitalization of $22.72 billion, a P/E ratio of 204.37, a P/E/G ratio of 0.48 and a beta of 0.63. 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 firm’s 50 day simple moving average is $76.40 and its 200 day simple moving average is $76.77.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

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.