3,502 Shares in Omnicom Group Inc. $OMC Bought by Focus Partners Advisor Solutions LLC

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 purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,502 shares of the business services provider's stock, valued at approximately $290,000.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in shares of Omnicom Group during the 1st quarter worth approximately $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Omnicom Group during the 1st quarter worth approximately $36,000. Versant Capital Management Inc boosted its position in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after acquiring an additional 343 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OMC. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. Wells Fargo & Company cut their target price on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. cut their target price 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.43.

Omnicom Group Trading Down 0.9%

Shares of NYSE:OMC traded down $0.70 during mid-day trading on Friday, reaching $77.14. 3,292,519 shares of the company's stock were exchanged, compared to its average volume of 3,022,477. The firm has a market capitalization of $14.94 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.54 and a beta of 0.97. The business's fifty day moving average price is $75.31 and its 200-day moving average price is $75.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. 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 quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. Omnicom Group's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. On average, research analysts predict 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 will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. 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 payout ratio is 40.17%.

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.