Bull Harbor Capital LLC bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund bought 11,797 shares of the business services provider’s stock, valued at approximately $888,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Omnicom Group by 64.2% during the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after purchasing an additional 15,220,444 shares in the last quarter. State Street Corp lifted its stake in shares of Omnicom Group by 40.4% during 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 purchasing an additional 6,813,441 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after purchasing an additional 4,631,394 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Omnicom Group by 522.9% during the fourth quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after purchasing an additional 4,364,797 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Omnicom Group by 57.1% during the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after purchasing an additional 3,117,188 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
Key Stories Impacting Omnicom Group
Here are the key news stories impacting Omnicom Group this week:
- Positive Sentiment: Analysts remain bullish: Citigroup maintained a “buy” rating while lowering its price target from $105 to $100, implying substantial upside. Wells Fargo also raised its target from $91 to $93 and reiterated an “overweight” rating. Benzinga analyst price target updates
- Positive Sentiment: Q2 revenue exceeded expectations: Omnicom reported $6.56 billion in revenue, above the $6.44 billion consensus estimate, with year-over-year growth benefiting significantly from the Interpublic acquisition. The company also raised its 2026 organic revenue-growth outlook. Omnicom Q2 earnings report
- Positive Sentiment: Synergy potential supports the longer-term story: Management highlighted expected benefits from integrating Interpublic, including opportunities for cost synergies and stronger client offerings. Omnicom earnings call and synergies
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Omnicom Group
Omnicom Group Trading Down 3.6%
NYSE OMC opened at $79.59 on Friday. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.41. The company’s 50 day moving average price is $77.21 and its 200 day moving average price is $76.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 68.61, a PEG ratio of 0.50 and a beta of 0.63.
Omnicom Group (NYSE:OMC – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 25.38% and a net margin of 1.74%.The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Omnicom Group’s quarterly revenue was up 63.4% compared to the same quarter last year. On average, sell-side analysts predict that Omnicom Group Inc. will post 10.89 EPS for the current year.
Omnicom Group Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio is 820.51%.
About Omnicom Group
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.
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