111 Capital Acquires New Holdings in Omnicom Group Inc. $OMC

111 Capital acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,134 shares of the business services provider’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also bought and sold shares of OMC. Pacer Advisors Inc. grew its holdings in Omnicom Group by 17,506.1% in the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock worth $227,512,000 after purchasing an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after purchasing an additional 1,205,165 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Omnicom Group by 44.5% in the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after purchasing an additional 1,199,725 shares during the last quarter. AQR Capital Management LLC grew its holdings in Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after purchasing an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on OMC shares. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Monday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Saturday, September 27th. Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company upgraded shares of 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 research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Trading Up 1.1%

NYSE:OMC opened at $78.50 on Tuesday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The firm has a fifty day simple moving average of $76.41 and a 200-day simple moving average of $75.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $15.21 billion, a P/E ratio of 11.26, a PEG ratio of 1.51 and a beta of 0.96.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Omnicom Group’s payout ratio is currently 40.17%.

Omnicom Group Company 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.