American Century Companies Inc. Has $109.43 Million Position in Omnicom Group Inc. $OMC

Key Points

• American Century Companies Inc. increased its stake in Omnicom Group by 29.6% in the first quarter, owning approximately 0.68% of the company worth $109.4 million.
• Omnicom Group recently declared a quarterly dividend of $0.70 per share, representing a 3.7% yield, with an ex-dividend date on September 2nd.
• The company's stock received mixed ratings from analysts, with targets ranging from $78 to $96, while maintaining a consensus rating of "Moderate Buy".

American Century Companies Inc. increased its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 29.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,319,856 shares of the business services provider's stock after purchasing an additional 301,169 shares during the quarter. American Century Companies Inc. owned about 0.68% of Omnicom Group worth $109,429,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Omnicom Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock worth $1,945,629,000 after purchasing an additional 424,936 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Omnicom Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after purchasing an additional 1,205,165 shares during the period. Boston Partners lifted its holdings in Omnicom Group by 18.5% in the first quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after purchasing an additional 762,871 shares during the period. First Trust Advisors LP lifted its holdings in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after purchasing an additional 747,575 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Omnicom Group by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock worth $270,235,000 after purchasing an additional 49,801 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 2.6%

Shares of NYSE OMC traded up $2.0360 during mid-day trading on Friday, reaching $79.5160. The company had a trading volume of 1,683,559 shares, compared to its average volume of 3,622,585. The stock has a fifty day moving average of $73.24 and a two-hundred day moving average of $76.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.54 and a beta of 0.94. 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 quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 earnings per share. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is 40.17%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OMC. Wells Fargo & Company reduced their price objective 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 price target for the company in a report on Monday, June 23rd. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.43.

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.