466 Shares in Omnicom Group Inc. $OMC Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 466 shares of the business services provider’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in Omnicom Group during the 1st quarter worth $34,000. Gen Wealth Partners Inc acquired a new position in Omnicom Group during the 1st quarter worth $36,000. Golden State Wealth Management LLC lifted its position in Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Omnicom Group during the 1st quarter worth $43,000. Finally, Harbour Investments Inc. lifted its position in Omnicom Group by 39.1% during the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC opened at $78.58 on Wednesday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The company’s 50 day simple moving average is $77.09 and its 200-day simple moving average is $74.94. The stock has a market capitalization of $15.22 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last released 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 for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. Omnicom Group’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

OMC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. 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 report on Monday, June 23rd. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, 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 report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.29.

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.