LPL Financial LLC Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

LPL Financial LLC raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 221,490 shares of the business services provider’s stock after buying an additional 2,164 shares during the period. LPL Financial LLC owned about 0.11% of Omnicom Group worth $18,364,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OMC. Robinson Value Management Ltd. grew its holdings in Omnicom Group by 0.4% during the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after acquiring an additional 139 shares during the period. Versant Capital Management Inc boosted its position in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after purchasing an additional 143 shares in the last quarter. MGO One Seven LLC grew its stake in shares of Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after purchasing an additional 157 shares during the period. Mezzasalma Advisors LLC increased its holdings in shares of Omnicom Group by 3.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Omnicom Group by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $72.48 on Wednesday. The stock has a 50 day moving average of $72.50 and a two-hundred day moving average of $77.07. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The firm has a market cap of $14.04 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm posted $1.95 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. Omnicom Group’s dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OMC shares. Citigroup restated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Finally, Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, June 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.43.

About Omnicom Group

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.