Nuveen LLC Takes $35.39 Million Position in Omnicom Group Inc. $OMC

Key Points

• Nuveen LLC has invested approximately $35.39 million in Omnicom Group, acquiring 426,823 shares, representing about 0.22% of the company.
• Omnicom Group recently announced a quarterly dividend of $0.70 per share, which will be issued to stockholders on October 10th, translating to an annualized dividend yield of 3.7%.
• The company's stock has shown a 4.2% year-over-year revenue increase with an EPS of $2.05 for the latest quarter, exceeding forecasts by $0.03.

Nuveen LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 426,823 shares of the business services provider's stock, valued at approximately $35,388,000. Nuveen LLC owned 0.22% of Omnicom Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OMC. Johnson Financial Group Inc. raised its stake in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after acquiring an additional 200 shares during the period. Zions Bancorporation National Association UT purchased a new position in Omnicom Group in the 1st quarter worth about $34,000. Versant Capital Management Inc increased its stake 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 buying an additional 143 shares during the period. CoreCap Advisors LLC increased its stake in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America raised 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. JPMorgan Chase & Co. reduced 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. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company reduced their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.43.

Omnicom Group Stock Down 0.3%

NYSE OMC traded down $0.2430 during trading on Thursday, reaching $77.4670. 3,049,392 shares of the company's stock traded hands, compared to its average volume of 3,311,291. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The company's 50 day simple moving average is $73.24 and its two-hundred day simple moving average is $76.19. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion for 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 company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal 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 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%.

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.