18,245 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by Wolf Group Capital Advisors

Wolf Group Capital Advisors acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,245 shares of the business services provider’s stock, valued at approximately $1,513,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after acquiring an additional 143 shares during the period. Smartleaf Asset Management LLC lifted its stake in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after acquiring an additional 147 shares during the period. MGO One Seven LLC lifted its stake in Omnicom Group by 3.2% in the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after acquiring an additional 157 shares during the period. Mezzasalma Advisors LLC lifted its position in shares of Omnicom Group by 3.1% during the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after buying an additional 159 shares during the last quarter. Finally, Convergence Financial LLC lifted its position in shares of Omnicom Group by 6.5% during the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after buying an additional 165 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

OMC opened at $69.21 on Wednesday. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market cap of $13.50 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93. The firm’s 50-day moving average price is $74.16 and its 200-day moving average price is $81.09.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 4.05%. Omnicom Group’s dividend payout ratio (DPR) is currently 38.30%.

Analyst Ratings Changes

Several analysts have commented on OMC shares. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Citigroup reissued a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group decreased their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Barclays decreased their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

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.