Commerzbank Aktiengesellschaft FI Acquires 16,196 Shares of Omnicom Group Inc. $OMC

Key Points

• Commerzbank Aktiengesellschaft FI increased its holdings in Omnicom Group by 95.8%, acquiring an additional 16,196 shares, bringing its total to 33,104 shares worth approximately $2.38 million.
• Omnicom Group's recent quarterly earnings reported an EPS of $2.05, beating estimates and marking a 4.2% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.70 per share, resulting in an annualized yield of 3.7% with a payout ratio of 40.17%.

Commerzbank Aktiengesellschaft FI raised its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 95.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,104 shares of the business services provider's stock after acquiring an additional 16,196 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Omnicom Group were worth $2,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Omnicom Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock worth $1,945,629,000 after purchasing an additional 424,936 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Omnicom Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after purchasing an additional 1,205,165 shares in the last quarter. Boston Partners boosted its position in shares of Omnicom Group by 18.5% during the first quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after purchasing an additional 762,871 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Omnicom Group by 44.5% during the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Omnicom Group by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock worth $270,235,000 after purchasing an additional 49,801 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 1.4%

Shares of NYSE:OMC opened at $76.50 on Friday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company's fifty day simple moving average is $76.88 and its 200 day simple moving average is $75.02. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.52 and a beta of 0.96.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the business earned $1.95 EPS. The company's revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group's payout ratio is presently 40.17%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OMC shares. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Weiss Ratings restated a "hold (c)" rating on shares of Omnicom Group in a report on Wednesday. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a report on Monday, June 23rd. Five 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 currently has a consensus rating of "Moderate Buy" and an average target price of $96.29.

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.

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