FORA Capital LLC Increases Stake in Omnicom Group Inc. $OMC

FORA Capital LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 107.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,440 shares of the business services provider’s stock after acquiring an additional 42,743 shares during the period. FORA Capital LLC’s holdings in Omnicom Group were worth $5,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMC. JPMorgan Chase & Co. boosted its holdings in shares of Omnicom Group by 117.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after purchasing an additional 3,362,411 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Omnicom Group by 38.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after buying an additional 1,255,197 shares during the period. Baird Financial Group Inc. raised its position 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 worth $323,040,000 after buying an additional 1,199,725 shares during the period. AQR Capital Management LLC boosted its holdings in Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after acquiring an additional 1,030,633 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Omnicom Group during the second quarter valued at about $67,048,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.1%

NYSE OMC opened at $80.15 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $91.86. The business has a 50 day moving average price of $75.26 and a two-hundred day moving average price of $74.79. The stock has a market cap of $15.47 billion, a PE ratio of 11.84, a P/E/G ratio of 1.28 and a beta of 0.75.

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

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a $0.80 dividend. The ex-dividend date is Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s dividend payout ratio (DPR) is presently 41.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. UBS Group increased their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Finally, Barclays increased their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $93.33.

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.