Omnicom Group Inc. $OMC Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 34.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the business services provider’s stock after purchasing an additional 3,433 shares during the period. Exchange Traded Concepts LLC’s holdings in Omnicom Group were worth $957,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OMC. Toronto Dominion Bank raised its position in shares of Omnicom Group by 1.2% during the 4th quarter. Toronto Dominion Bank now owns 87,032 shares of the business services provider’s stock valued at $7,486,000 after buying an additional 1,071 shares during the period. Forum Financial Management LP increased its holdings in Omnicom Group by 76.9% in the fourth quarter. Forum Financial Management LP now owns 5,290 shares of the business services provider’s stock valued at $455,000 after buying an additional 2,299 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Omnicom Group by 9.2% in the fourth quarter. Integrated Advisors Network LLC now owns 2,945 shares of the business services provider’s stock valued at $253,000 after acquiring an additional 247 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in Omnicom Group by 172.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,005 shares of the business services provider’s stock valued at $2,496,000 after acquiring an additional 18,348 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $12,848,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, June 23rd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $91.00 in a research note on Tuesday. Finally, Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $96.29.

Omnicom Group Price Performance

OMC opened at $76.27 on Wednesday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The company has a 50-day moving average of $75.74 and a 200-day moving average of $75.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $14.77 billion, a P/E ratio of 10.94, a PEG ratio of 1.48 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.95 billion. During the same period in the previous year, the business posted $1.95 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is currently 40.17%.

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.