Gulf International Bank UK Ltd Decreases Holdings in Omnicom Group Inc. $OMC

Key Points

• Gulf International Bank UK Ltd has decreased its stock position in Omnicom Group Inc. by 33.5% in the first quarter, now holding 10,449 shares worth approximately $866,000.
• Several institutional investors have significantly altered their holdings in Omnicom Group, with CoreCap Advisors LLC boosting its position by 708.8% in the fourth quarter.
• Omnicom Group has announced a $0.70 quarterly dividend with a yield of 3.7%, to be paid on October 10th.

Gulf International Bank UK Ltd reduced its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,449 shares of the business services provider's stock after selling 5,257 shares during the period. Gulf International Bank UK Ltd's holdings in Omnicom Group were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Robinson Value Management Ltd. lifted its position in shares of Omnicom Group by 0.4% in the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock valued at $2,837,000 after acquiring an additional 139 shares in the last quarter. Versant Capital Management Inc raised its stake in Omnicom Group by 45.7% in the 1st 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 during the last quarter. MGO One Seven LLC raised its stake in Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after purchasing an additional 157 shares during the last quarter. Mezzasalma Advisors LLC lifted its holdings in Omnicom Group by 3.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after purchasing an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Omnicom Group by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock worth $1,834,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OMC shares. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research note on Monday, June 23rd. Finally, Wells Fargo & Company lowered their price objective on 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.43.

Omnicom Group Trading Up 2.6%

Shares of OMC traded up $2.0180 during mid-day trading on Friday, reaching $79.4980. The company had a trading volume of 1,136,061 shares, compared to its average volume of 3,618,685. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The firm has a fifty day simple moving average of $73.24 and a 200-day simple moving average of $76.19. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company posted $1.95 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Omnicom Group's payout ratio is presently 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.