Brandywine Global Investment Management LLC Has $11.51 Million Position in Omnicom Group Inc. $OMC

Key Points

• Brandywine Global Investment Management LLC has reduced its stake in Omnicom Group Inc. by 5.3% during the first quarter, now holding approximately $11.5 million in shares.
• Several institutional investors increased their holdings significantly, with Johnson Financial Group Inc. raising its stake by 153.8% in the fourth quarter.
• Omnicom Group recently announced a quarterly dividend of $0.70 per share, representing a 3.7% dividend yield and a payout ratio of 40.17%.

Brandywine Global Investment Management LLC decreased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,791 shares of the business services provider's stock after selling 7,803 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.07% of Omnicom Group worth $11,507,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC grew its stake in shares of Omnicom Group by 157.9% in the 1st quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock valued at $635,000 after buying an additional 4,690 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after purchasing an additional 343 shares during the period. Fifth Third Bancorp boosted its position in Omnicom Group by 13.9% during the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock worth $618,000 after purchasing an additional 913 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Omnicom Group during the first quarter worth approximately $1,357,000. Finally, Asset Management One Co. Ltd. boosted its position in Omnicom Group by 10.4% during the first quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock worth $6,755,000 after purchasing an additional 7,665 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE OMC traded down $0.2430 during trading hours on Thursday, reaching $77.4670. The stock had a trading volume of 2,152,147 shares, compared to its average volume of 3,624,758. The business's fifty day moving average is $73.11 and its two-hundred day moving average is $76.26. 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 has a market cap of $15.01 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.54 and a beta of 0.94. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.Omnicom Group's revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OMC. Wells Fargo & Company decreased their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 16th. Barclays cut 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. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.