Leo Wealth LLC Purchases Shares of 3,689 Omnicom Group Inc. $OMC

Key Points

• Leo Wealth LLC acquired 3,689 shares of Omnicom Group Inc., valued at approximately $265,000, during the second quarter.
• Omnicom Group reported $2.05 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $4.02 billion.
• A quarterly dividend of $0.70 per share was recently declared, reflecting an annualized dividend yield of 3.7%.

Leo Wealth LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,689 shares of the business services provider's stock, valued at approximately $265,000.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Omnicom Group during the first quarter valued at about $34,000. Gen Wealth Partners Inc bought a new position in shares of Omnicom Group during the first quarter valued at about $36,000. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group during the second quarter valued at about $34,000. Golden State Wealth Management LLC raised its stake in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Omnicom Group during the first quarter valued at about $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $76.50 on Friday. The stock has a market cap of $14.82 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. 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 Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The firm's 50-day simple moving average is $76.88 and its two-hundred day simple moving average is $75.02.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. The business 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 business's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Omnicom Group's dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Omnicom Group in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Omnicom Group presently has an average 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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