Flputnam Investment Management Co. Acquires New Holdings in Omnicom Group Inc. $OMC

Flputnam Investment Management Co. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,900 shares of the business services provider's stock, valued at approximately $2,105,000.

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A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Omnicom Group by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider's stock worth $138,000 after purchasing an additional 869 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Omnicom Group in the second quarter valued at $241,000. Gabelli Funds LLC acquired a new stake in Omnicom Group in the second quarter valued at $1,061,000. Daiwa Securities Group Inc. raised its position in Omnicom Group by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider's stock worth $2,113,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Sei Investments Co. raised its position in Omnicom Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 361,266 shares of the business services provider's stock worth $25,990,000 after purchasing an additional 44,746 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of OMC opened at $85.51 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $23.46 billion, a P/E ratio of 73.72, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The firm's fifty day simple moving average is $79.41 and its two-hundred day simple moving average is $77.27. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $88.55.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business's revenue was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 3.7%. Omnicom Group's dividend payout ratio (DPR) is currently 275.86%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group began coverage on Omnicom Group in a research report on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price target on the stock. Rothschild & Co Redburn began coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price objective on the stock. Weiss Ratings raised Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Citigroup reduced their target price on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $99.00.

Omnicom Group Company Profile

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.

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