Omnicom Group Inc. $OMC Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,331 shares of the business services provider’s stock after acquiring an additional 2,788 shares during the period. IFM Investors Pty Ltd’s holdings in Omnicom Group were worth $2,758,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on OMC. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 16th. Finally, Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.43.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $74.63 on Tuesday. The firm has a fifty day simple moving average of $75.64 and a 200-day simple moving average of $75.25. 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 Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.49 and a beta of 0.97.

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

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is presently 40.17%.

Omnicom Group 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.