MBB Public Markets I LLC Purchases New Stake in Omnicom Group Inc. $OMC

Key Points

• MBB Public Markets I LLC acquired 3,908 shares of Omnicom Group Inc. valued at approximately $324,000 in the 1st quarter, among several other institutional investors also adjusting their positions.
• Analysts have mixed views on Omnicom Group, with Bank of America upgrading to a "neutral" rating while others have lowered price targets, creating a consensus rating of "Moderate Buy" with a price target of $94.43.
• Omnicom Group reported quarterly earnings of $2.05 EPS, surpassing expectations, and recently declared a quarterly dividend of $0.70 per share, yielding 3.5%.

MBB Public Markets I LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,908 shares of the business services provider's stock, valued at approximately $324,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in shares of Omnicom Group during the 1st quarter valued at about $307,000. Goldman Sachs Group Inc. increased its stake in shares of Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider's stock valued at $245,909,000 after acquiring an additional 887,415 shares during the last quarter. Resources Management Corp CT ADV increased its stake in shares of Omnicom Group by 8.6% during the 1st quarter. Resources Management Corp CT ADV now owns 63,061 shares of the business services provider's stock valued at $5,228,000 after acquiring an additional 4,997 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Omnicom Group by 9.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 27,624 shares of the business services provider's stock valued at $2,290,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Petrus Trust Company LTA increased its stake in shares of Omnicom Group by 77.3% during the 1st quarter. Petrus Trust Company LTA now owns 7,422 shares of the business services provider's stock valued at $615,000 after acquiring an additional 3,236 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Down 0.9%

NYSE OMC traded down $0.70 on Friday, reaching $77.14. The company had a trading volume of 3,292,519 shares, compared to its average volume of 3,030,801. The firm has a market capitalization of $14.94 billion, a PE ratio of 11.07, a P/E/G ratio of 1.53 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The firm has a 50-day moving average of $75.31 and a 200-day moving average of $75.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80.

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 analysts' consensus estimates of $2.02 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.Omnicom Group's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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 given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Omnicom Group's payout ratio is presently 40.17%.

Analyst Ratings Changes

A number of research firms recently issued reports on OMC. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, June 23rd. Wells Fargo & Company dropped 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 report on Wednesday, July 16th. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.