Deprince Race & Zollo Inc. Purchases 26,151 Shares of Omnicom Group Inc. $OMC

Deprince Race & Zollo Inc. increased its position in Omnicom Group Inc. (NYSE:OMC) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,944 shares of the business services provider’s stock after purchasing an additional 26,151 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.20% of Omnicom Group worth $31,874,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after buying an additional 344,652 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Omnicom Group by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after acquiring an additional 691,560 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after acquiring an additional 3,362,411 shares during the period. Geode Capital Management LLC grew its holdings in Omnicom Group by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock worth $382,717,000 after acquiring an additional 48,868 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Omnicom Group by 38.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock valued at $324,782,000 after acquiring an additional 1,255,197 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lifted their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Morgan Stanley assumed coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price for the company. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Finally, Barclays upped their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $92.57.

Omnicom Group Trading Up 0.1%

NYSE OMC opened at $80.04 on Friday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market cap of $15.45 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.27 and a beta of 0.75. The stock’s 50-day moving average is $75.72 and its 200-day moving average is $75.37.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the business earned $2.03 EPS. Omnicom Group’s revenue for the quarter was up 4.0% 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is 47.27%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.