Omnicom Group Inc. $OMC Holdings Decreased by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 35.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,580 shares of the business services provider’s stock after selling 7,906 shares during the quarter. QRG Capital Management Inc.’s holdings in Omnicom Group were worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its position in shares of Omnicom Group by 3.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after purchasing an additional 2,855 shares in the last quarter. Defender Capital LLC. acquired a new stake in Omnicom Group during the second quarter valued at approximately $360,000. Vanguard Group Inc. boosted its holdings in Omnicom Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after buying an additional 344,652 shares in the last quarter. J2 Capital Management Inc acquired a new position in Omnicom Group in the second quarter worth approximately $383,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Omnicom Group in the third quarter valued at $10,361,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of OMC opened at $78.01 on Wednesday. The business’s 50-day moving average is $76.89 and its 200-day moving average is $76.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.33 and a beta of 0.74. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.35.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 earnings per share. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is currently 47.27%.

Analyst Upgrades and Downgrades

OMC has been the subject of several research reports. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Barclays increased their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Bank of America reissued an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Finally, Morgan Stanley began coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.14.

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.