Jefferies Financial Group Inc. Boosts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Key Points

• Jefferies Financial Group Inc. increased its stake in Omnicom Group Inc. by 22.4% in Q1, acquiring an additional 6,492 shares, bringing its total holdings to 35,497 shares valued at approximately $2.94 million.
• Omnicom Group reported earnings of $2.05 per share for the last quarter, exceeding analysts' expectations and showing a 4.2% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.70 per share, which will be paid on October 10th, representing an annualized dividend yield of 3.9%.

Jefferies Financial Group Inc. grew its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,497 shares of the business services provider's stock after purchasing an additional 6,492 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Omnicom Group were worth $2,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Robinson Value Management Ltd. increased its holdings in Omnicom Group by 0.4% in the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock worth $2,837,000 after acquiring an additional 139 shares in the last quarter. Versant Capital Management Inc increased its holdings 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 worth $38,000 after acquiring an additional 143 shares in the last quarter. MGO One Seven LLC increased its holdings 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 worth $437,000 after acquiring an additional 157 shares in the last quarter. Mezzasalma Advisors LLC increased 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 worth $443,000 after acquiring an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Omnicom Group by 0.8% in 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 acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 1.3%

Shares of OMC stock opened at $71.11 on Friday. The company's 50-day moving average price is $72.56 and its 200-day moving average price is $77.26. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.41 and a beta of 0.94. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month 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 for the quarter, beating the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. Omnicom Group's payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, June 23rd. 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. Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group 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.

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