Global Retirement Partners LLC Purchases Shares of 27,059 Omnicom Group Inc. $OMC

Key Points

• Global Retirement Partners acquired 27,059 Omnicom Group shares worth approximately $1.97 million in the second quarter. Institutional investors collectively own 91.97% of OMC.
• Analyst sentiment remains mixed: Omnicom has an average “Hold” rating and a consensus price target of $99, with targets ranging from $89 to $146.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but narrowly missed EPS estimates. The company also declared a quarterly dividend of $0.80 per share, representing a 3.7% annualized yield.

Global Retirement Partners LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,059 shares of the business services provider's stock, valued at approximately $1,971,000.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Omnicom Group by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider's stock worth $138,000 after acquiring an additional 869 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Omnicom Group in the 2nd quarter worth approximately $241,000. Gabelli Funds LLC bought a new position in shares of Omnicom Group in the second quarter valued at approximately $1,061,000. Daiwa Securities Group Inc. increased its position in shares of Omnicom Group by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider's stock valued at $2,113,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Omnicom Group by 14.1% during the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider's stock worth $25,990,000 after acquiring an additional 44,746 shares during the period. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

OMC has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Omnicom Group from $91.00 to $93.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a "neutral" rating and a $89.00 price target for the company. The Goldman Sachs Group started coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a "buy" rating and a $146.00 price objective for the company. Weiss Ratings upgraded shares of Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Finally, Citigroup lowered their target price on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Omnicom Group presently has an average rating of "Hold" and a consensus price target of $99.00.

Omnicom Group Trading Down 0.1%

NYSE:OMC opened at $87.45 on Monday. The company has a market cap of $23.99 billion, a P/E ratio of 75.39, a P/E/G ratio of 0.58 and a beta of 0.64. The stock's fifty day moving average price is $79.20 and its two-hundred day moving average price is $77.22. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $88.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78.

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

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group's payout ratio is presently 275.86%.

Omnicom Group 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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