Jacobs Levy Equity Management Inc. Takes Position in Omnicom Group Inc. $OMC

Key Points

• Jacobs Levy Equity Management Inc. purchased 815,794 shares of Omnicom Group Inc. in the first quarter, equating to a total value of approximately $67.6 million, marking a 0.42% ownership stake as per recent SEC filings.
• Omnicom Group recently declared a $0.70 quarterly dividend, resulting in an annual dividend yield of 3.6%, with the payment scheduled for October 10th.
• Analysts have mixed ratings on Omnicom Group, with a consensus rating of "Moderate Buy" and a price target averaging $94.43, reflecting varied confidence in the stock's performance moving forward.

Jacobs Levy Equity Management Inc. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 815,794 shares of the business services provider's stock, valued at approximately $67,637,000. Jacobs Levy Equity Management Inc. owned 0.42% of Omnicom Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Gotham Asset Management LLC boosted its stake in shares of Omnicom Group by 11.0% during the 1st quarter. Gotham Asset Management LLC now owns 253,963 shares of the business services provider's stock worth $21,056,000 after acquiring an additional 25,222 shares during the period. AQR Capital Management LLC lifted its holdings in Omnicom Group by 1,836.5% during the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider's stock worth $89,114,000 after purchasing an additional 1,030,633 shares during the last quarter. Perbak Capital Partners LLP acquired a new stake in Omnicom Group during the 1st quarter worth approximately $351,000. TIG Advisors LLC lifted its holdings in Omnicom Group by 4.5% during the 1st quarter. TIG Advisors LLC now owns 121,797 shares of the business services provider's stock worth $10,098,000 after purchasing an additional 5,218 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Omnicom Group during the 1st quarter worth approximately $290,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 1.6%

NYSE:OMC traded down $1.23 on Tuesday, hitting $77.71. The stock had a trading volume of 2,789,633 shares, compared to its average volume of 3,621,875. The business's fifty day moving average is $75.10 and its 200 day moving average is $75.68. The company has a market cap of $15.05 billion, a PE ratio of 11.15, a P/E/G ratio of 1.58 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

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

Omnicom Group Announces Dividend

The business 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 $0.70 dividend. 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 dividend payout ratio (DPR) is currently 40.17%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Wells Fargo & Company dropped their price target on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Finally, Barclays cut 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 report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.43.

About Omnicom Group

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.