Focus Partners Advisor Solutions LLC Takes $290,000 Position in Omnicom Group Inc. $OMC

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake in Omnicom Group Inc., purchasing 3,502 shares valued at approximately $290,000 in the first quarter.
• Analyst ratings for Omnicom Group have been mixed, with price targets adjusted by institutions such as JPMorgan Chase & Co. and Barclays, leading to a consensus rating of "Moderate Buy" with a target price of $94.43.
• Omnicom Group recently reported a quarterly earnings of $2.05 EPS, which exceeded analysts' expectations, along with a quarterly dividend of $0.70 per share, reflecting a 3.5% yield.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,502 shares of the business services provider's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Omnicom Group during the first quarter valued at $34,000. Gen Wealth Partners Inc purchased a new position in Omnicom Group during the first quarter valued at $36,000. Versant Capital Management Inc lifted its holdings in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of 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 worth $41,000 after buying an additional 343 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 0.5%

Shares of OMC traded down $0.37 during trading on Friday, reaching $77.47. 255,564 shares of the company traded hands, compared to its average volume of 3,591,261. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The stock has a market cap of $15.01 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. The stock has a 50-day simple moving average of $75.26 and a 200-day simple moving average of $75.66. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.95 billion. During the same period last year, the business earned $1.95 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Thursday, July 10th. Wells Fargo & Company cut their price objective on shares of 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. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research report on Monday, June 23rd. Finally, Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and an average 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.