Campbell & CO Investment Adviser LLC Buys 15,064 Shares of Omnicom Group Inc. $OMC

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Omnicom Group by 268.1% in the first quarter, now owning over 20,000 shares valued at approximately $1.72 million.
• Various analysts have provided mixed ratings for Omnicom Group, with price targets ranging from $78.00 to $96.00 amidst a consensus rating of "Moderate Buy."
• Omnicom Group recently declared a $0.70 quarterly dividend, representing an annual yield of 3.5%, to be paid on October 10th.

Campbell & CO Investment Adviser LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 268.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,683 shares of the business services provider's stock after buying an additional 15,064 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Omnicom Group were worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC boosted its holdings 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 worth $635,000 after purchasing an additional 4,690 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Omnicom Group by 230.2% in the 1st 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. Fifth Third Bancorp lifted its stake in shares of Omnicom Group by 13.9% in the 1st quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock valued at $618,000 after acquiring an additional 913 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Omnicom Group in the 1st quarter valued at about $1,357,000. Finally, Asset Management One Co. Ltd. raised its position in Omnicom Group by 10.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock valued at $6,755,000 after purchasing an additional 7,665 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.68 during trading hours on Thursday, hitting $77.78. The stock had a trading volume of 2,047,131 shares, compared to its average volume of 3,628,626. 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 stock's 50-day moving average price is $74.14 and its two-hundred day moving average price is $75.98. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.56 and a beta of 0.94.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's payout ratio is 40.17%.

Analysts Set New Price Targets

A number of research analysts have commented on OMC shares. Wells Fargo & Company lowered their price target 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. JPMorgan Chase & Co. cut their target price 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 upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, June 23rd. Finally, Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.43.

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.