IFG Advisory LLC Purchases 6,887 Shares of Omnicom Group Inc. (NYSE:OMC)

Key Points

• IFG Advisory LLC increased its stake in Omnicom Group by 15.7% during Q1, acquiring an additional 6,887 shares, bringing its total to 50,805 shares valued at approximately $4.2 million.
• Analysts have mixed views on Omnicom Group, with Citi maintaining a "buy" rating at a target price of $103, while Wells Fargo reduced their target from $84 to $78, indicating varied outlooks on the stock.
• Omnicom recently announced a quarterly dividend of $0.70 per share, translating to an annualized yield of 3.9%, with a payout ratio of 40.17%.

IFG Advisory LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,805 shares of the business services provider's stock after purchasing an additional 6,887 shares during the period. IFG Advisory LLC's holdings in Omnicom Group were worth $4,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Versant Capital Management Inc boosted its stake 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 valued at $38,000 after buying an additional 143 shares during the period. CoreCap Advisors LLC boosted its stake 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 valued at $40,000 after buying an additional 404 shares during the period. Golden State Wealth Management LLC boosted its stake 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 valued at $41,000 after buying an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Omnicom Group during the 1st quarter valued at $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note 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 target on the stock in a research note on Monday, June 23rd. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. dropped 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. Finally, Citigroup restated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and a consensus target price of $94.43.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $0.94 during midday trading on Friday, reaching $71.11. 2,435,325 shares of the company's stock were exchanged, compared to its average volume of 4,594,596. The company's 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $77.26. The firm has a market capitalization of $13.78 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. 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 (NYSE:OMC - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal 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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

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.