Boston Partners Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Key Points

• Boston Partners increased its stake in Omnicom Group Inc. by 18.5%, owning 4,882,041 shares valued at approximately $402.6 million as of the latest SEC filing.
• Barclays and Wells Fargo recently downgraded Omnicom Group’s stock ratings, with Barclays lowering its price target from $105.00 to $80.00.
• Omnicom Group reported $2.05 EPS for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.70 per share, to be paid in October.

Boston Partners grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,882,041 shares of the business services provider's stock after acquiring an additional 762,871 shares during the period. Boston Partners owned 2.50% of Omnicom Group worth $402,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OMC. Johnson Financial Group Inc. raised its position in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after buying an additional 200 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Omnicom Group in the first quarter valued at $34,000. Versant Capital Management Inc increased its stake in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. CoreCap Advisors LLC increased its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 1.1%

Shares of NYSE OMC traded up $0.85 during trading hours on Friday, hitting $76.26. The company's stock had a trading volume of 3,126,037 shares, compared to its average volume of 3,737,071. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The business has a 50-day simple moving average of $72.84 and a 200-day simple moving average of $76.38. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.51 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping 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 last year, the business posted $1.95 earnings per share. Omnicom Group's quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.7%. Omnicom Group's dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OMC. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research note on Monday, June 23rd. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company reduced their price objective on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.43.

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.