HighTower Advisors LLC Grows Holdings in Omnicom Group Inc. $OMC

Key Points

• HighTower Advisors LLC increased its stake in Omnicom Group Inc. by 6.7% during the 1st quarter, holding 311,347 shares valued at approximately $25.8 million.
• Omnicom Group reported earnings of $2.05 per share for the quarter, which exceeded analysts' expectations and marked a 4.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.70 per share, translating to an annualized yield of 3.7%, with a dividend payout ratio of 40.17%.

HighTower Advisors LLC lifted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,347 shares of the business services provider's stock after acquiring an additional 19,460 shares during the period. HighTower Advisors LLC owned approximately 0.16% of Omnicom Group worth $25,814,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. lifted its holdings in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Omnicom Group during the 1st quarter worth approximately $34,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after buying an additional 143 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

NYSE OMC traded up $0.9270 during trading on Tuesday, hitting $77.0870. 758,673 shares of the company's stock were exchanged, compared to its average volume of 3,629,384. The stock's 50 day moving average price is $72.94 and its two-hundred day moving average price is $76.24. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. 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 company has a market cap of $14.93 billion, a PE ratio of 11.05, a P/E/G ratio of 1.51 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. 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. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Omnicom Group's payout ratio is 40.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in 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 note on Monday, June 23rd. Wells Fargo & Company cut 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 note on Wednesday, July 16th. JPMorgan Chase & Co. cut 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 note on Thursday, July 10th. Finally, Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on 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.