Hilltop National Bank Purchases Shares of 4,226 Omnicom Group Inc. $OMC

Hilltop National Bank purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,226 shares of the business services provider's stock, valued at approximately $304,000.

Several other hedge funds also recently added to or reduced their stakes in OMC. Pacer Advisors Inc. boosted its holdings in Omnicom Group by 17,506.1% in the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock valued at $227,512,000 after purchasing an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Omnicom Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock valued at $595,147,000 after purchasing an additional 1,205,165 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Omnicom Group by 44.5% in the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock valued at $323,040,000 after purchasing an additional 1,199,725 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider's stock valued at $89,114,000 after purchasing an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider's stock valued at $245,909,000 after purchasing an additional 887,415 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.0%

OMC opened at $77.59 on Friday. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $76.33 and a 200 day moving average price of $75.10. The company has a market cap of $15.03 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.50 and a beta of 0.96.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly 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 net margin of 8.67% and a return on equity of 33.62%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OMC shares. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Omnicom Group in a research report on Saturday, September 27th. 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. JPMorgan Chase & Co. decreased 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. Finally, Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of "Moderate Buy" and an average price target of $96.29.

Omnicom Group Company 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.

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